Green finance is a crucial component of low carbon green growth due to its ability to foster connections between the financial sector, environmental protection, and economic growth. Numerous industries and products are covered by green financing. Infrastructure financing, business or industry financial support, and financial markets are some examples of green finance categories. Climate change adaptation and mitigation investments are part of green funding. In order to give a moral and ethical foundation for financially sustainable behaviors that are also ecologically friendly, this article explains how Qur'anic divine principles regulate green finance and by placing a strong emphasis on conscientious resource management, environmental protection, and social responsibility, it demonstrates how Qur'anic values govern the green finance industry. In line with Islamic principles and Maqasid al-Shariah, they advocate for sincerity, justice, and an equal distribution of wealth. Thus, green Islamic finance stands by these principles and establishes a financially sound and socially responsible system that is advantageous to both the present and the future. To combat climate change and create a more resilient and sustainable global economy, green and sustainable financial practices are essential. Green and sustainable finance may contribute to long-term economic development and a better future for everybody by incorporating ESG factors into investment decision-making. Green investment strives to enhance human well-being and social fairness while lowering environmental hazards and enhancing ecological integrity. It also acknowledges the worth of the environment and its natural capital. The phrase "green finance" also refers to investments that address climate change and the environment. The environmental rules cover enhanced sector governance and monitoring, the abolition of implicit incentives for ecologically hazardous or unsustainable growth, pollution standards and restrictions, and information about environmental consequences being made publicly available. For this qualitative study that focused on how Divine principles play a significant role in governing and advancing the development of Islamic green finance for the protection of ecological system to achieve sustainable and socially responsible financial system that benefits entire humankind with especial focuses to Maqasid al-Shariah, the inductive and deductive method was applied to inspect data from secondary sources.
Faruque et al. (Sat,) studied this question.