Abstract
This chapter provides an exhaustive, detailed tradition of spiritual, moral, and legal concerns for both natural and built environments, as articulated by Islam’s intellectual tradition. It thus lays a foundation for why those motivated by Islamic ethics must consider environmental impact. The discussion explores the market potential of an integration between contemporary Islamic capital markets and global socially and ethically responsible markets, as represented by ‘voluntary non-governmental codes, building a pioneering bridge between them, in the context of the issuance of a ‘green’ sukuk (akin to a ‘green’ bond). Further, this chapter examines why and how contemporary real estate projects developed by Islamic finance and other Muslim communities should implement classical Islamic concerns for built environments given the impact of architecture on individual and collective well-being.
Portions of this chapter appeared in Umar F. Moghul and Samir H.K. Safar-Aly, “Green Sukuk: The Introduction of Islam’s Environmental Ethics to Contemporary Islamic Finance,” The Georgetown International Environmental Law Review 27:1 (2014).
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2017 The Author(s)
About this chapter
Cite this chapter
Moghul, U.F. (2017). Sketching Consciousness: Natural and Built Environments. In: A Socially Responsible Islamic Finance. Palgrave Studies in Islamic Banking, Finance, and Economics. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-48841-7_3
Download citation
DOI: https://doi.org/10.1007/978-3-319-48841-7_3
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-319-48840-0
Online ISBN: 978-3-319-48841-7
eBook Packages: Economics and FinanceEconomics and Finance (R0)