Sustainability and Green Technology in Islamic Financial Management

Abstract

Green technology has become a major concern in various sectors of the economy. Climate change, environmental degradation, and increasing awareness of the importance of sustainable business practices have encouraged companies and financial institutions to adopt environmentally friendly strategies. The sector that is starting to engage in this transformation is the Islamic finance sector. Islamic financial management, which is based on Sharia principles, offers a unique framework for promoting sustainability and green technology. This research uses a qualitative library research approach. The data collection technique used is a literature review technique by reviewing literature, articles, journals and various kinds of library materials that are relevant to sustainability and green technology in Islamic financial management. Islamic financial management encourages socially, environmentally, and economically responsible business practices. Although the integration of sustainability and green technology in Islamic financial management offers many benefits, there are various challenges and barriers that need to be overcome, such as limited knowledge and awareness, high start-up costs, limited infrastructure and technology, regulations, and policies related to Islamic compliance, and market risks and uncertainties.