Affiliation:
1. İSTANBUL SABAHATTİN ZAİM ÜNİVERSİTESİ
Abstract
The paradigm shift from linear to a circular economy and other development approaches, especially in conventional economics, disregard religious values of which the primary objective is to promote human wellbeing from a wider perspective. Hence, the present study analyzes the concept of circular economy in light of the purpose of Islamic law (Maqasid al-Shariah). It adopts qualitative/semantic content analysis as a research approach. The finding reveals that the circular economy and its related concepts are not against the objective or the purpose of Islamic law (Maqasid al-Shariah), rather it promotes it: as the preservation of life and progeny can be achieved through the circular economy’s initiatives related to the preservation of ecology and ecosystem, whereas the preservation of intellect can be achieved through the measures related to reducing harmful wastes and pollution. While the preservation of wealth can be achieved through circular economy’s measures for resource conservation. These findings enlighten both Muslim and non-Muslim communities; firstly on the positive stance of circular economy to the Maqasid al Shariah and secondly the need to promote the circular economy initiatives to preserve the ecological balance and environment which are the gifts from the Creator.
Publisher
Istanbul Sabahattin Zaim University
Reference62 articles.
1. Aassouli, D., Asutay, M., Mohieldin, M., & Nwokike, T. C. (2018). Green Sukuk, Energy Poverty, and Climate Change: A Roadmap for Sub-Saharan Africa. World Bank.
2. Ahmad al-Raysuni (2005) Imam al-Shatibi's Theory of the Higher Objectives and Intents of Islamic Law. (C) The International Institute of Islamic Thought London, Washington 1426 ah/2005CE.
3. Alam, M. M., Hassan, S. and Said, J. (2015). ‘Performance of Islamic microcredit in perspective of Maqasid Al-Shariah’, Humanomics. doi: 10.1108/h-12-2014-0072.
4. Al-Mubarak, T. (2010). Applications of Maqasid al- Shari ’ ah and Maslahah in Islamic Banking practices : An analysis Introduction : Maslahah : The demand of time. An Analysis. International Seminar on Islamic Finance in India, (October), 17.
5. Al-Mubarak, Tawfique & Goud, Blake. (2018). Environmental Impact in Islamic Finance.