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27 Geo. Int'l Envtl. L. Rev. 1 (2014-2015)
Green Sukuk: The Introduction of Islam's Environmental Ethics to Contemporary Islamic Finance

handle is hein.journals/gintenlr27 and id is 4 raw text is: ARTICLES Green Sukiik: The Introduction of Islam's Environmental Ethics to Contemporary Islamic Finance UMAR F. MOGHUL* AND SAMIR H.K. SAFAR-ALYt TABLE OF CONTENTS Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 I. A Brief Introduction to Islamic Law ........................ . 4 A. Sources and Objectives.............................. 4 B . LegalV alues..................................... 9 C . Evolving Fatw as................................... 10 II. Islam and the Environment............................... 11 A . Foundations...................................... 11 B. Islamic Environmental Law ................................. 14 1. Land Pollution................................. 14 2. W ater Pollution................................ 16 3. A ir Pollution ................................. 18 4. Resource Conservation........................... 18 5. M inerals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 6. Plants and Anim als.............................. 20 7. Liability and Sanctions........................... 23 III. Contemporary Islamic Finance ............................ 25 A . Introduction...................................... 25 * Umar F. Moghul is a corporate and finance attorney with over fifteen years of experience. His practice has encompassed Islamic investment and financial transactions in the realm of private equity, real estate, cross-border joint ventures, and the design of novel products and transactions. He has advised clients in the energy, healthcare, technology, and business services sectors. He is a lecturer in Law at the University of Connecticut where he teaches courses in Islamic law and Islamic finance and investment law. t LL.M. (University of California, Berkeley), LL.B. (Hons) (University of Kent, Canterbury), MCIArb, ACSI, IFQ. Samir is a qualified Solicitor of the Senior Courts of England and Wales, having trained at a leading international law firm based in London, where he focused on banking, disputes, and energy related matters. At Berkeley Law he earned specialization certificates in both Business Law and Energy & Clean Technology Law, served as Senior Editor and Symposium Editor on the Board for the Berkeley Journal of Middle Eastern and Islamic Law, helped introduced the university's first Islamic finance class, and organized the Fourth UC Berkeley Islamic Finance Forum. Samir currently practices as a finance lawyer at the Dubai office of a leading international law firm. © 2015, Umar F Moghul and Samir H.K. Safar-Aly. 1