This paper aims to explore and conceptualize how green finance and innovation can be supported by the values, principles, and instruments of Islamic finance, ultimately leading to sustainable economic development. This conceptual study uses qualitative methodology, exploring the relationship between Islamic and green finance through a thorough literature review, and developing a conceptual framework for using Islamic finance principles to accomplish green finance objectives. The findings of the study suggest that Islamic finance principles, such as the prohibition of harmful (haram) activities, align well with the objectives of green finance, which seeks to mitigate environmental harm. Moreover, the risk-sharing nature of Islamic financial instruments, such as Mudārabah and Mushārakah, supports sustainable investments by aligning the interests of investors and entrepreneurs towards long-term environmental and economic benefits. The conceptual framework—developed in this paper—has certain ethical and legal foundations. Shariah compliance is first and foremost. Then comes environmental stewardship (Khilafah), which is the idea that humans are stewards of the Earth and its resources. This idea suggests that ALLAH has placed His faith in humanity, entrusting them to protect the natural balance He has created, reduce waste, and make prudent use of the resources available. The proposed framework suggests that one of Shariah's prospective bases for addressing societal demands and changes as well as natural development is public interest (Maslahah). Additionally, the proposed framework suggests certain Islamic financial instruments and mechanisms that can be utilized to foster green finance and innovation, such as green Sukuk, green Mushārakah, green Waqf, green Ijārah, and Takaful for climate risk. Lastly, the conceptual framework suggests regulatory and institutional support that includes Islamic development bank, Shariah supervisory boards, and environmental regulations. To the best of the author’s knowledge, this is the first study of its kind. This paper contributes to the body of knowledge of Islamic economics and finance by establishing a connection between Islamic and green finance. Based on this, policymakers can develop regulatory frameworks that encourage the integration of Islamic finance principles with green finance objectives. Moreover, standardizing green Sukuk issuance guidelines and other Islamic green finance products can facilitate broader adoption and ensure consistency across different markets and jurisdictions.

Social implications: Based on the suggested framework, when Islamic finance is integrated with green finance, it will promote environmental protection and resource efficiency, contributing to healthier ecosystems and communities.
Keywords: Islamic Finance, Green Finance, Green Sukuk, Maqasid Shariah, Environmental Protection, Anthropocene.

Islamic banking, as a type of banking system, has consistently been said to vary beyond regular financial services. This is mostly attributable to the ban on interest and the focus on attaining monetary accountability within the community. In actuality, Islamic banking in the Bangladesh appears to diverge significantly toward its ideal model. The objective of this study is to evaluate customers' perceptions of Islamic banking practices in Bangladesh. This study is correlative in nature. We obtained primary data from customers of several Islamic bank branches using purposive sampling, a non-probability sampling approach. We distributed formal, structured questionnaires to the clients of these branches, taking into account demographic factors such as gender differences, marital status, and religion in Bangladesh. We extracted the secondary data from various theoretical reviews, which included papers, academic journals, and books. We examined the data using SPSS to test a number of distinct hypotheses. The chi-square test served as the data analysis tool in this study. The respondents generally agreed that gender differences and marital status have no significant impact on choosing Islamic banking services, but religious considerations regarding Islamic banking have a positive impact on choosing Islamic banking services. The study suggests that banking regulators in Bangladesh can provide Islamic banking services to everyone, regardless of gender or marital status. In addition, banking regulators can offer a special new Islamic banking product and service scheme for the Muslim community to accelerate the Islamic financial system in this region.
Keywords: Perception, Gender, Religion, Islamic banking

This study aims to review historically the literature on the perspective of divine religions about riba in banking. This study reviews the existing literature in the form of research papers, books, and documents covering banking-like activities from ancient times to contemporary Islamic banking in the 21st century. This historical review covers the period of warehouse and temple banking, the arrival of Judaism, the development of banking practices, and the prohibition of riba in Judaism, Christianity, and Islam. The study divides the history into two parts. Part A covers the Pre 20th Century history and Part B covers recent or contemporary history starting from 20th Century onwards. This study divides the long history of banking for convenience into following eight periods starting from 3000 BC to Contemporary Islamic banking from the 19th century onwards. This is one of the few studies which gives the divine religions perspective of banking with a focus on riba.
Keywords: Riba, Commodity banking, Gharar

Islamic banking is an alternate to conventional banking system and it provides Sharia’h compliant banking services to its customers. After several experiments, very first full-fledged Islamic bank was established in Pakistan in 2002 and since then, 5 full-fledged and 17 conventional banks are providing Sharia’h compliant products and services by December 2023 (State Bank of Pakistan). Employees of any organization play a vital role in development and quality enhancement of their organization. Similarly, psychological empowerment gives them a boost in performing their tasks which ultimately creates organizational commitment.

To find this impact, 101 responses have been collected with the help of a questionnaire from the employees of Islamic banks in major cities of Pakistan by using convenience sampling method. The questions related to organizational commitment and psychological empowerment were adopted from past studies. Overall results of the study reveal that psychological empowerment plays a positive and a significant role in creating organizational commitment which helps the employees of Islamic banks in the growth of their respective banks. Organizational commitment can enhance further if the quality and brilliance of the employees of Islamic banks improve by motivation and learning. Similarly, the service quality of Islamic banks can also be improved by providing psychological empowerment to their employees. Although several studies have been conducted by researchers to address psychological empowerment of employees and its impact on organizational commitment, very few studies are available to check this impact on Islamic banking employees. Similarly, there is no study available on this subject in Pakistani context. Therefore, this will be the first study to explore the impact of psychological empowerment of employees of Pakistani Islamic banks on their organizational commitment.
Keywords: Islamic banking industry, human resource, psychological empowerment, organizational commitment, Pakistan