Proceedings of the 2022 Brawijaya International Conference (BIC 2022)

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The Alignment of Social, Economic and Environmental Aspects in Sustainable Finance of Islamic Green Banking

Authors
Siti Hamidah1, *, Reka Dewantara1
1Faculty of Law, Universitry of Brawijaya, Malang, Indonesia
*Corresponding author. Email: rainerfh@ub.ac.id
Corresponding Author
Siti Hamidah
Available Online 30 April 2023.
DOI
10.2991/978-94-6463-140-1_20How to use a DOI?
Keywords
alignment; sustainable finance; Islamic green banking
Abstract

One of the paths towards its achievement is Islamic banking financial institutions which have a special concept based on Islamic law which is different from conventional banking. Aligning and unifying the 3 (three) fields, economic, social, and environmental, in a balanced way is not a simple matter. The three have different rationales and backgrounds, so this study aimed to examine the alignment of the three and seek guidelines as the basis for their alignment. This was normative legal research that applied statutory and analytical approaches. The main legal material was regulation which was processed using teleological and systematic interpretation analysis techniques. The research results show that Sustainable Finance in Islamic banking is a form of responsibility and a form of participation from Islamic financial institutions in improving green economic such as life systems, social systems, environmental problems, and the economy. In general, the values contained in the goals and principles of Sustainable Finance are in line with the goals and principles of Islamic law, namely benefit. However, there are fundamental differences in terms of transcendental value. Islam contains basic values that are comprehensive, thorough and balanced in all dimensions of life in the present, the world, and the hereafter.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 Brawijaya International Conference (BIC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
30 April 2023
ISBN
978-94-6463-140-1
ISSN
2352-5428
DOI
10.2991/978-94-6463-140-1_20How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Siti Hamidah
AU  - Reka Dewantara
PY  - 2023
DA  - 2023/04/30
TI  - The Alignment of Social, Economic and Environmental Aspects in Sustainable Finance of Islamic Green Banking
BT  - Proceedings of the 2022 Brawijaya International Conference (BIC 2022)
PB  - Atlantis Press
SP  - 199
EP  - 214
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-140-1_20
DO  - 10.2991/978-94-6463-140-1_20
ID  - Hamidah2023
ER  -