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

Peranan ekonomi dan kewangan Islam dalam program-program tenaga boleh diperbaharui: beberapa petikan dari ayat-ayat al-Quran dan pengalaman Indonesia

Authors

  • Azwar Iskandar Sekolah Tinggi Ilmu Islam dan Bahasa Arab (STIBA), Makassar, Indonesia
  • Abur Hamdi Usman Kolej Universiti Islam Antarabangsa Selangor (KUIS), Malaysia https://orcid.org/0000-0001-5179-1648
  • Syarul Azman Shaharuddin Kolej Universiti Islam Antarabangsa Selangor (KUIS), Malaysia

DOI:

https://doi.org/10.53840/alirsyad.v6i1.196

Keywords:

Renewable Energy, Islamic Economic, Islamic Finance, Halal, Sustainable Development, Quranic Verses

Abstract

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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Author Biography

Azwar Iskandar, Sekolah Tinggi Ilmu Islam dan Bahasa Arab (STIBA), Makassar, Indonesia

Azwar Iskandar currently works as Head of Research Section at the Center for Research and Community Service, College of Islamic and Arabic Sciences (STIBA) Makassar, Indonesia.

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Published

2021-06-15

How to Cite

Iskandar, A., Usman, A. H., & Shaharuddin, S. A. . (2021). Role of Islamic economic and finance in renewable energy: some quotation from Quranic verses and Indonesia experiences: Peranan ekonomi dan kewangan Islam dalam program-program tenaga boleh diperbaharui: beberapa petikan dari ayat-ayat al-Quran dan pengalaman Indonesia. Al-Irsyad: Journal of Islamic and Contemporary Issues, 6(1), 583-595. https://doi.org/10.53840/alirsyad.v6i1.196