GREEN FINANCE AND ITS ROLE IN RECONSTRUCTION AND COMBATING CLIMATE CHANGE IN SYRIA: AN ECONOMIC ANALYSIS WITH THE INTEGRATION OF WAQF IN GREEN FINANCING
DOI:
https://doi.org/10.56989/benkj.v6i3.1795Keywords:
Green Waqf, Islamic Finance, Development, Reconstruction, Renewable EnergyAbstract
This paper explores the potential role of green waqf in fostering sustainable growth in Syria, particularly during the post-war reconstruction phase, by examining how the environmental objectives of Islamic Shariah can be integrated with the economic and social imperatives of national recovery. It proposes the establishment of a green waqf institution to manage endowed assets and channel investments into sustainable projects such as renewable energy, reforestation, water resource management, and organic agriculture, while highlighting the role of Shariah supervisory boards in ensuring compliance with Islamic principles. The study identifies the political, economic, and social challenges that may affect the implementation of this model and suggests practical solutions, including supportive legislation, enhanced transparency, and awareness initiatives aimed at rebuilding public trust. It concludes that green waqf can serve as a strategic instrument for reconstructing Syria’s infrastructure in an environmentally and economically sustainable manner, while promoting local development and social equity.
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