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 Azwar 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 economics and finance in renewable energy programmes in Indonesia. This research is qualitative descriptive research through library research and content analysis methods. The results show that the role of Islamic economics and finance in renewable energy programmes in Indonesia is realised in several forms. First, the sharia financial sector can be one of the options for renewable energy investment financing instruments. Second, the utilisation of renewable energy can be a supporter and spearhead of the halal industry. Third, in a religious social context, renewable energy financing can be done with the concepts of ta‘āwun and jāriyah alms through crowd funding and waqf. In order to optimise the role of sharia economy and finance in renewable energy programmes 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 Biographies

Azwar Azwar, 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.

 

Abur Hamdi Usman, Kolej Universiti Islam Antarabangsa Selangor (KUIS), MALAYSIA

 

 

Syarul Azman Shaharuddin, Kolej Universiti Islam Antarabangsa Selangor (KUIS), MALAYSIA

Dr. Syarul is a senior lecturer in the Department of Dakwah and Usuluddin at International Islamic University College Selangor (KUIS). He received his PhD in Islamic Civilization-Da'wah in 2015 from the National University of Malaysia and his Master's Degree in Usuluddin in 2007 from the University of Malaya (UM). He graduated with a Bachelor's Degree in Usuluddin in 2000 from the IAIN in Jambi, Indonesia. Dr. Syarul Azman has 20 years of experience teaching Da‘wah, specialising in the development of Da‘wah. His expertise in Da‘wah, human development, and Da‘wah communication. He can be contacted at syarulazman@kuis.edu.my.

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Published

2021-06-15

How to Cite

Azwar, 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

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