The strategic objectives of Islamic finance in facing environmental challenges and achieving sustainable development

Abstract

The strategic objectives of Islamic finance are reflected in the need to develop future visions, focus on the need for clarity of goals and objectives, identify and allocate resources and potentials, and also take strategic decisions affecting the long term, with attention to the behavior and practices of senior management. And environmental finance is one of the most important types of green investments for sustainable development. Islamic financing formulas that have flexibility in application can contribute to environmental financing, and thus achieve sustainable development, with what they offer of real economic activities linked to goods and services, and provide Islamic banking with ample profit through real competition in the markets.