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The Role of Islamic Finance in Sustainable and Green Transition Ahmed, Ubaid; Maruf, Aminudin; Alam, Shahbaz; Azizah, Lutfiatul
Suhuf: International Journal of Islamic Studies Vol. 36 No. 2 (2024): November
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/suhuf.v36i2.6314

Abstract

This study examines the role of Islamic finance in advancing the United Nations' Sustainable Development Goals (SDGs), focusing on often-overlooked conflicts among these goals, such as the tension between poverty alleviation (SDG 1), hunger eradication (SDG 2), and environmental sustainability. It emphasizes the need for balanced progress across SDGs, particularly in Muslim societies where welfare aligns with religious principles. The study advocates for a Green Economic Transition (GET) aimed at achieving high human development while respecting Maqasid Shariah and ecological limits. GET, it suggests, should be the core of climate-conscious policies and business strategies. Recognizing shifts in the global financial system to reconcile economic and social development with environmental goals, the study underscores the need for policies aligning these aspects. It also explores the contribution of Islamic economics and finance-including commercial finance (banking, takaful, Sukuk, Shariah-compliant equity markets) and social finance (Zakah, Waqf, charities, Qard)-in fostering sustainable green finance. Noting the gap where these tools are still tied to conventional finance, the study proposes a framework for developing coherent climate policies within Islamic finance and identifies opportunities for Islamic sustainable green finance.
Quantifying Intellectual Terrain: Islamic Jurisprudence, Ethical Discourse, and Scholarly Impact Apriantoro, Muhamad Subhi; Faradilla, Safina; Ashfahany, Afief El; Maruf, Aminudin; Aziza, Nur Amalia
Suhuf: International Journal of Islamic Studies Vol. 36 No. 1 (2024): Mei
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/suhuf.v36i1.4367

Abstract

This research aims to reveal the trend and development of scientific literature about Islamic law, ethics, and its worldwide significance, spanning the years 1954 to 2023. The utilization of quantitative and network analysis enables the mapping of alterations in publication patterns, the identification of affiliations and highly productive authors, and the highlighting of journals with substantial influence. The findings indicate a significant increase in the number of published works since 1995, particularly in the early 21st century. Notably, the International Islamic University Malaysia and writers El-Seoudi, A.W.M.M. and Jadalhaq, I.M. have made considerable contributions to this surge. The examination of journals emphasizes the significant influence of "Islamic Law and Society" in the relevant literature. Furthermore, specific works like Ashraf D's publication in the "Journal of Business Ethics" in 2016 demonstrate a considerable impact in the scientific literature. Through a comprehensive examination of publication trends and influential works, the study contributes to a deeper understanding of Islamic law and ethics within academic circles. It underscores the need for interdisciplinary collaboration and engagement with diverse perspectives to grasp the complexities of Islamic jurisprudence and ethical frameworks.  In conclusion, this research provides a valuable resource for scholars, policymakers, and practitioners seeking to navigate the intricate terrain of Islamic law and ethics. By delineating trends, identifying key contributors, and highlighting influential publications, the study offers a nuanced perspective on the evolving discourse surrounding these critical subjects.
Fiqh for Minority (Fiqh al-Aqalliyyāt): Principle and Current Practice on Food and Mortgage Finance El Ashfahany, Afief; Apriantoro, Muhamad Subhi; Maruf, Aminudin
Suhuf: International Journal of Islamic Studies Vol. 37 No. 2 (2025): November
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/suhuf.v37i2.11207

Abstract

This paper examines Fiqh al-Aqalliyyat (Fiqh for Minorities), focusing on food and mortgage finance, and questions whether the principle of darurah (necessity) central to this jurisprudence remains valid today. Through library-based research, it analyzes foundational concepts primarily drawn from Yusuf al-Qaradawi’s work and contrasts them with contemporary realities. Over two decades since Fiqh al-Aqalliyyat emerged in 2003, halal food accessibility and Islamic finance options remain limited for Muslim minorities in non-Muslim-majority countries. While the fiqh offers legal concessions (rukhsah), it does not absolve Muslims of their duty to conduct muamalah (transactions) in line with Sharia. The study argues that establishing halal infrastructure and Sharia-compliant financial systems is a fard kifayah, a communal obligation. Neglecting this duty implicates the entire community in shared sin. Thus, the paper urges Muslim minorities to move beyond reliance on concessions and actively build halal alternatives. At minimum, raising awareness about halal standards and Islamic finance is an essential collective responsibility. This serves as a timely reminder that necessity should not become complacency.