Role of Islamic economic and finance in renewable energy: some quotation from Quranic verses and Indonesia experiences

This study aims to describe the role of Islamic economic and finance in renewable energy programs in Indonesia. This research is a qualitative descriptive research through library research and content analysis method. The results show that the role of Islamic economic and finance in renewable energy programs in Indonesia is realized in several forms. First, sharia financial sector can be one of the options for renewable energy investment financing instruments. Second, the utilization of renewable energy can be the supporter and spearhead of the halal industry. Third, in a religious social context, renewable energy financing can be done with the concept of ta‘āwun and jāriyah alms through crowd funding and waqf. In order to optimize the role of sharia economy and finance in renewable energy programs in Indonesia, several steps and activities that can be done include: (1) intensifying the campaign against the excellence of renewable energy; (2) providing easy access and renewable energy financing schemes; (3) conducting research and publication on renewable energy and potential collaboration with other industries in the halal value chain that can be perceived in Indonesia.

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Energi Terbarukan dan Ekonomi Syariah: Sinergitas Mewujudkan Sustainable Development

SALAM Jurnal Sosial dan Budaya Syar i ◽

10.15408/sjsbs.v8i3.20347 ◽

2021 ◽

Vol 8 (3) ◽

Author(s):

Azwar Iskandar ◽

Khaerul Aqbar ◽

Sulkifli Herman

Keyword(s):

Sustainable Development ◽

Renewable Energy ◽

Value Chain ◽

Green Economy ◽

Easy Access ◽

Investment Financing ◽

Self Sufficiency ◽

Qualitative Descriptive ◽

Halal Food ◽

Islamic Economic

The urgency of the availability of renewable energy, green economy and implementation of Sharia Economy actually has a spirit that is in line with the efforts of the global community in supporting sustainable development. The synergy between Sharia Economy practices in Indonesia and renewable energy programs in order to realize it becomes an inevitability. This research aims to describe the concept of synergy of Sharia Economy practices and renewable energy programs in Indonesia in order to realize sustainable development. This research is qualitative descriptive research through library study methods and content analysis. The results showed that the synergy scheme between renewable energy programs and Islamic economic/financial practices can be done in the form of: (i) sharia financial sector can be an instrument of EBT investment financing; (ii) the utilization of EBT may be a supporter and spearhead of halal industry, such as halal food and beverages, Muslim fashion, halal tourism, pharmaceuticals and halal cosmetics and halal media and recreation; and (iii) in the context of socially religious EBT financing, EBT can be done with the concept of ta'āwun and sedekaj jariah through crowd funding and waqf. In order to optimize the synergy between renewable energy programs and sharia economy, some steps and Quick Wins programs that can be done are: (1) campaigns against the excellence of renewable energy to achieve national energy self-sufficiency; (2) create easy access and attractive financing schemes to support renewable energy; (3) conduct research and publication on renewable energy and potential collaboration with other industries in the halal value chain that can be perceived in Indonesia, especially halal tourism.

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The Role of Banks in Renewable Energy Finance

Green Finance for Sustainable Global Growth - Advances in Environmental Engineering and Green Technologies ◽

10.4018/978-1-5225-7808-6.ch009 ◽

2019 ◽

pp. 219-243

Author(s):

Meryem Filiz Baştürk

Keyword(s):

Developing Countries ◽

Global Warming ◽

Renewable Energy ◽

Energy Demand ◽

Fundamental Problem ◽

Sustainable Growth ◽

Energy Sources ◽

Energy Investment ◽

Renewable Energy Investment

In today's world, global warming and environmental problems resulting from fossil waste have directed economies' attention to renewable energy. Renewable energy has become quite important to developing countries, in particular those that depend on foreign energy sources and confront continuously increasing energy demand since they need renewable energy to be able to achieve their goal of sustainable growth and do this without destructing the environment and by reducing their foreign dependency. Higher costs of renewable energy investment when compared to traditional energy investment affect the investment made in this field, though. The fundamental problem in renewable energy investment is how to finance it as it is not economically rational to invest in sectors with high costs. This chapter explores the role of banks in financing renewable energy by focusing on Turkey.

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Peran Ziswaf dalam Memulihkan Ekonomi Umat Akibat Masa Pandemi Covid-19

Jurnal BAABU AL-ILMI: Ekonomi dan Perbankan Syariah ◽

10.29300/ba.v6i1.4074 ◽

2021 ◽

Vol 6 (1) ◽

pp. 38

Author(s):

Choirul Amirudin ◽

Ahmad Fikri Sabiq

Keyword(s):

Research Approach ◽

Economic Instruments ◽

Educational Assistance ◽

The Public ◽

Economic Problems ◽

Analysis Techniques ◽

Library Research ◽

Conducting Research ◽

Islamic Economic

This research was conducted with the aim of providing solutions and the role of one the Islamic economic instruments, namely zakat, infaq, alms and waqf which can be applied in dealing with economic problems due to the Covid-19 pandemic. In conducting research, researchers used a library research approach and content analysis techniques. The results of the research that show that Ziswaf can be a solution and role to restore the economy due to the Covid-19 pandemic are as follows: (1) Make each village an UPZ to maximize zakat (2) maximize cash zakat and productive zakat (3) maximize zakat and infaq management (4) providing educational assistance for students affected by Covid-19, which is prioritized for students majoring in sharia economics so that in the future they can educate the public about Islamic economics.

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