Proceedings of the 7th International Colloquium on Interdisciplinary Islamic Studies (ICIIS) in conjunction with the 6th Annual Postgraduate Conference on Muslim Society (APCoMS), ICIIS and APCoMS 2024, 17–18 June 2024, Banjarmasin, Indonesia

Research Article

Green Economy in Islam: A Policy Study on Carbon Economic Value from the Perspective of Sharia Economic Law

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  • @INPROCEEDINGS{10.4108/eai.17-6-2024.2349075,
        author={JM  Muslimin and Sopian  Lubis and Muhammad Novi Rifa’i and Sukardi  Sukardi},
        title={Green Economy in Islam: A Policy Study on Carbon Economic Value from the Perspective of Sharia Economic Law},
        proceedings={Proceedings of the 7th International Colloquium on Interdisciplinary Islamic Studies (ICIIS) in conjunction with the 6th Annual Postgraduate Conference on Muslim Society (APCoMS), ICIIS and APCoMS 2024, 17--18 June 2024, Banjarmasin, Indonesia},
        publisher={EAI},
        proceedings_a={ICIIS AND APCOMS},
        year={2024},
        month={7},
        keywords={green economy sharia economic law carbon economic value carbon trade},
        doi={10.4108/eai.17-6-2024.2349075}
    }
    
  • JM Muslimin
    Sopian Lubis
    Muhammad Novi Rifa’i
    Sukardi Sukardi
    Year: 2024
    Green Economy in Islam: A Policy Study on Carbon Economic Value from the Perspective of Sharia Economic Law
    ICIIS AND APCOMS
    EAI
    DOI: 10.4108/eai.17-6-2024.2349075
JM Muslimin1,*, Sopian Lubis1, Muhammad Novi Rifa’i1, Sukardi Sukardi2
  • 1: Syarif Hidayatullah State Islamic University Jakarta, Indonesia
  • 2: Indonesian Islamic University of Jogjakarta, Indonesia
*Contact email: jm.muslimin@uinjkt.ac.id

Abstract

This article analyzes the concept of the green economy within the context of Islam, focusing on policy analysis of the carbon economic value within the framework of Presidential Regulation (Perpres) of the Republic of Indonesia Number 98 of 2021 concerning the Implementation of Carbon Economic Value to Achieve Nationally Determined Contribution Targets and Control of Greenhouse Gas Emissions in National Development. Additionally, related implementation regulations are governed by the Minister of Environment and Forestry Regulation (Permen) of the Republic of Indonesia Number 21 of 2022 concerning the Implementation of Carbon Economic Value based on the perspective of Sharia Economic Law. The methodology employed is descriptive-analytical, referring to relevant primary and secondary sources. The research results indicate that Islamic principles such as tauhid, amanah, maqasid al-shariah, and taskhir have significant implications for managing the economic value of carbon. In the context of carbon economic value, the perspective of sharia economic law leads to environmental preservation and the use of contract-based instruments in the practice of carbon trade. However, the practical implementation of this concept requires cross-sectoral cooperation and legal regulations aligned with the principles of sharia economic law.