Examining The Synergy between Al-Mizan Principle in Shariah Economics and Green Economy: A Legal Perspective

DOI

10.2991/978-2-38476-164-7_111How to use a DOI?

Keywords

Al-Mizan Principle; Syariah Economics; Green Economy; Sustainable Development

Abstract

Indonesia, with its status as the largest Muslim majority in the world, holds significant importance in the realm of the Islamic economy. It secured the fourth position in the 2021 Global Islamic Economy Indicator (GIEI) and ranked first in the Islamic Finance Country Index (IFCI). Concurrently, the Indonesian government's national strategy of achieving Net Zero Emissions by 2060 underscores the country's commitment to sustainable development and the principles of a green economy. This research aims to explore the synergy between the Islamic economy and the green economy, particularly in terms of legislation as the foundation for implementing an economic system that balances progress and environmental preservation for future generations. The Al-Mizan principle emerges as a means to achieve this equilibrium. The research employs a normative juridical methodology, utilizing a literary approach through literature reviews, analysis of laws and regulations, and expert opinions. Thematic Analysis (TA) and the Reflexive approach also being used. The collected data is subjected to qualitative descriptive analysis, involving a thorough screening process. The research reveals that the Al-Mizan principle is inherent in various laws and regulations in Indonesia. However, raising awareness among stakeholders about the significance of understanding and applying these principles in sustainable development is a necessary process. Furthermore, the country's commitment to a green economy and achieving Net Zero Emissions by 2060 emphasizes the need for the Al-Mizan principle as a means to harmonize economic progress and environmental conservation.

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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TY  - CONF
AU  - Maria Mu’ti Wulandari
AU  - Baginda Khalid Hidayat Jati
PY  - 2023
DA  - 2023/12/21
TI  - Examining The Synergy between Al-Mizan Principle in Shariah Economics and Green Economy: A Legal Perspective
BT  - Proceedings of the 3rd International Conference on Law, Governance, and Social Justice (ICoLGaS 2023)
PB  - Atlantis Press
SP  - 1211
EP  - 1223
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-164-7_111
DO  - 10.2991/978-2-38476-164-7_111
ID  - Wulandari2023
ER  -