Al-Mudharabah
Vol. 7 No. 2 (2026): Al-Mudharabah: Jurnal Ekonomi dan Keuangan Syariah [Forthcoming December 2026]

GOVERNING GREEN FINANCE IN ACEH: LEGAL FRAGMENTATION, ISLAMIC ECONOMIC LAW AND INDONESIAN POSITIVE LAW

Milda Yatul Jamilah (Universitas Islam Negeri Ar-Raniry Banda Aceh, Indonesia)
Safira Mustaqilla (Universitas Islam Negeri Ar-Raniry Banda Aceh, Indonesia)
Saifuddin Sa'dan (Universitas Islam Negeri Ar-Raniry Banda Aceh, Indonesia)



Article Info

Publish Date
27 Aug 2026

Abstract

Green finance in Aceh sits at the intersection of Indonesia’s sustainable-finance regime, Aceh’s special autonomy, mandatory sharia compliance and the environmental harms associated with unlicensed gold mining. This article argues that the framework is procedurally dense but substantively fragmented: it requires plans, disclosure and taxonomic classification without integrating ecological legality, harm prevention and remediation into financing duties. Through doctrinal analysis and limited functional comparison, it constructs a Prevent–Transition–Restore model. The model links negative screening and traceability to inclusive sharia financing for livelihood transition and ring-fenced instruments for ecological restoration, while preserving the distinction between fiqh reasoning and enforceable positive law.

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Journal Info

Abbrev

mudharabah

Publisher

Subject

Religion Humanities Social Sciences

Description

Mudharabah: Journal of Sharia Economics and Finance is professionally managed and published by the Sharia Economic Law Study Programme, Faculty of Sharia and Law, UIN Ar-Raniry in helping academics, researchers and practitioners to disseminate their research results. Al-Mudharabah: Journal of ...