How Shari’ah addressed environmental and social responsibility issues

Abstract

This study seeks to reinforce the principle of social responsibility and the role of Islamic economics as an effective tool for enhancing corporate social responsibility (CSR). Since most Islamic economic operations are considered social projects that aim to convert the economic return into a social return, these projects directly affect social and environmental development according to the principles and objectives of Islamic investment. This study also aims to activate and strengthen the social responsibility that has been absent from many investment institutions and to confirm that Islamic economics does not aim to serve individuals only but rather seeks to serve societies and their well-being, build the national economy, and contribute effectively to preserving the surrounding environment to form an essential support and a powerful factor in sustainable development. The study also aims to show and highlight some of the principles and characteristics of Islamic investment, including that social responsibility must be considered in any investment process, as it falls within the governance framework.