Maqasid Al-Shariah and Green Finance: A Theoretical Framework on Islamic Finance with Sustainable Development Goals for a Greener Future

The study investigates incorporating Islamic financial concepts with green finance to advance sustainable development. Maqasid al-Shariah, the guiding principle of Islamic finance, prioritizes ethical investing, social welfare, and asset preservation through Shariah-compliant instruments, including sukuk, zakat, and waqf. These instruments can be utilized to fund projects that promote both environmental sustainability and social responsibility. This integration fulfills Sustainable Development Goals (SDGs), specifically in clean energy, sustainable cities, climate action, and responsible consumption. The integrated approach guarantees a sustainable global financial landscape by promoting long-term economic stability, environmental protection, and social welfare. It encompasses a comprehensive framework for achieving sustainability. This study provides a theoretical model to emphasize the immense potential of Islamic finance in substantially contributing to the broader, more comprehensive green finance agenda.