Islamic Environmental Ethics and Green Banking Adoption in Bangladesh: A Maqasid al-Shariah Perspective
DOI:
https://doi.org/10.31098/ijmesh.v10i1.4720Keywords:
Islamic Environmental Ethics, Environmental Awareness, Green Banking, Ecological Stewardship, Islamic Banks, Maqasid Al-ShariahAbstract
This research investigates the interplay of Islamic environmental ethics, environmental awareness, and the practice of green banking services in Bangladesh from a moral perspective of Maqasid al-Shariah. While green banking regulation has been growing in Bangladesh, prior institutional research suggests that practice is often a mix of substantive green finance and superficial digitization, oriented more toward secular Environmental, Social and Governance (ESG)-style compliance than toward Shariah-specific financial considerations (Islam et al., 2021a; Hatta et al., 2023); no ESG construct is measured directly in this study, which instead examines this tension from the customer side. With a deductive and quantitative approach, primary data were gathered from 100 purposively selected respondents who are customers of a single fully-fledged Islamic bank in Bangladesh by using a structured survey and analyzed with SPSS. The internalization of Islamic environmental ethics from Hifz al-Biah (environmental protection) to Hifz al-Nasl (intergenerational equity) had a significant positive impact on customers' environmental awareness (beta = 0.456, p less than 0.001), which in turn was the strongest predictor of green banking adoption (beta = 0.486, p less than 0.001). This relationship was not moderated significantly by personal religiosity, indicating that the association of ethics and awareness is largely independent of personal religiosity. The results reveal a recurring paradox: a strong ethical demand for authentic sustainability on the part of the customer and a predominantly procedural approach on the part of the institutions. The study concludes that while Islamic financial institutions currently have a green banking approach with a compliance orientation, it is necessary for them to integrate environmental protection into their fiduciary trust (amanah).
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Copyright (c) 2026 Md Ruknuzzaman, Md Kamruzzaman, Md Arif Ullah, Sadmeem Zaman Akhi, Abdullah Mamun
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