eprintid: 99 rev_number: 7 eprint_status: archive userid: 5 dir: disk0/00/00/00/99 datestamp: 2018-10-25 12:54:34 lastmod: 2018-10-25 12:54:34 status_changed: 2018-10-25 12:54:34 type: article metadata_visibility: show contact_email: deposit_eprints@ishik.edu.iq creators_name: Sekreter, Ahmet creators_id: ahmet.sekreter@ishik.edu.iq title: Green Finance and Islamic Finance ispublished: pub subjects: HB divisions: ISSUE015 full_text_status: public keywords: Islamic Finance, Green Finance, Murakabah, Renewable Energy abstract: This study examines Islamic finance and green finance. Islamic finance is a system based on Sharia law that prohibits interest, uncertainty, and investment in unlawful sectors defined by Islam. Green finance is the financing investments that promote renewable energy, sustainable developments, and environmental products or policies. This paper shows that although Islamic finance and green finance have been showing an increasing trend in the world in the last two decades, these trends are observed in different regions and countries. The portion of the Murabahah among the Islamic financial products is very high compared the other Islamic financial instruments. This phenomenon can be an explanation why Islamic finance and green finance have showed an increasing trend in different regions and countries. date: 2017-12-01 date_type: published publication: International Journal of Social Sciences & Educational Studies volume: 4 number: 3 publisher: Ishik University pagerange: 115-121 id_number: doi:10.23918/ijsses.v4i3p115 refereed: TRUE issn: 24091294 official_url: http://dx.doi.org/10.23918/ijsses.v4i3p115 related_url_url: https://www.ishik.edu.iq/ related_url_type: pub referencetext: Bahl, S. (2012). Green banking-The new strategic imperative. Asian Journal of Research in Business Economics and Management, 2(2), 176-185. Haron, S. (1996). Competition and other external determinants of the profitability of Islamic banks. Islamic Economic Studies, 4(1), 49-64. Höhne, N., Khosla, S., Fekete, H., & Gilbert, A. (2012). Mapping of green finance delivered by IDFC members in 2011. Cologne: Ecofys. Retrieved from http://www. idfc.org/Downloads/Publications/01_ green_finance_mappings/IDFC_Green_Finance_ Mapping_Report_2012_14-06-12. pdf. Lindenberg, N. (2014). Definition of Green Finance. DIE mimeo, 2014. Retrieved from SSRN: https://ssrn.com/abstract=2446496 Olson, D., & Zoubi, T. (2016). Convergence in bank performance for commercial and Islamic banks during and after the Global Financial Crisis. The Quarterly Review of Economics and Finance, 65, 71-87. Wilson, R. (1997). Islamic finance and ethical investment. International Journal of Social Economics, 24(11), 1325-1342. citation: Sekreter, Ahmet (2017) Green Finance and Islamic Finance. International Journal of Social Sciences & Educational Studies, 4 (3). pp. 115-121. ISSN 24091294 document_url: http://eprints.ishik.edu.iq/99/1/ijsses.v4i3p115.pdf