Illuminating Progress: Charting an Energy-Driven Future for the Islamic World

This paper examines the development of the energy sector in the Islamic world, focusing on the challenges and opportunities facing Organization of Islamic Cooperation (OIC) countries in the transition to sustainable energy. Despite being rich in natural resources, many Islamic countries are still dependent on fossil fuels and face constraints in universal energy access. This study analyzes the current energy landscape in OIC countries, identifies key barriers to energy development, and emphasizes the need for a new roadmap that integrates knowledge and development. The research also investigates the potential role of Islamic finance in funding sustainable energy projects, with a particular focus on innovations such as green sukuk. The global trend towards renewable energy and sustainable development is discussed in the context of the UN Sustainable Development Goals. The study finds that despite facing significant challenges, the Islamic world has a great opportunity to take the lead in the global energy transition by utilizing natural resources, innovative financial instruments, and a commitment to sustainable development. In conclusion, this journal highlights the importance of international collaboration, knowledge transfer, and sustainable investment in realizing a cleaner and more sustainable energy future for the Islamic world and the global community.

Publication Details

Journal
Jurnal Middle East and Islamic Studies (MEIS)
Published
2024-10-25
DOI
https://doi.org/10.7454/meis.v11i2.178
Primary Topic
Education and Islamic Studies
Type
article
Field-Weighted Citation Impact
0.00
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article

Illuminating Progress: Charting an Energy-Driven Future for the Islamic World

Jurnal Middle East and Islamic Studies (MEIS)
Education and Islamic Studies
article

Illuminating Progress: Charting an Energy-Driven Future for the Islamic World

article en

Abstract

This paper examines the development of the energy sector in the Islamic world, focusing on the challenges and opportunities facing Organization of Islamic Cooperation (OIC) countries in the transition to sustainable energy. Despite being rich in natural resources, many Islamic countries are still dependent on fossil fuels and face constraints in universal energy access. This study analyzes the current energy landscape in OIC countries, identifies key barriers to energy development, and emphasizes the need for a new roadmap that integrates knowledge and development. The research also investigates the potential role of Islamic finance in funding sustainable energy projects, with a particular focus on innovations such as green sukuk. The global trend towards renewable energy and sustainable development is discussed in the context of the UN Sustainable Development Goals. The study finds that despite facing significant challenges, the Islamic world has a great opportunity to take the lead in the global energy transition by utilizing natural resources, innovative financial instruments, and a commitment to sustainable development. In conclusion, this journal highlights the importance of international collaboration, knowledge transfer, and sustainable investment in realizing a cleaner and more sustainable energy future for the Islamic world and the global community.

Jurnal Middle East and Islamic Studies (MEIS)Vol. 11(2)
Affordable and clean energy
Openalex Percentile: Top 71%
Education and Islamic Studies
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Illuminating Progress: Charting an Energy-Driven Future for the Islamic World · Jurnal Middle East and Islamic Studies (MEIS) (2024) | TGRS Research Map | TGRS