Assessing Green and Shariah Claims: Dual Accountability in Green Islamic Fintech

Authors

  • Anom Garbo Universitas Islam Indonesia
  • Joko Setyono Universitas Islam Negeri Sunan Kalijaga
  • Anik Universitas Alma Ata

DOI:

https://doi.org/10.30651/jms.v11i4.32760

Abstract

This study aims to formulate a conceptual framework for rereading green finance -based Islamic FinTech through the perspectives of Islamic Ecotheology, maqāṣid al-sharī'ah, and sustainability governance. Using a narrative literature review, this study synthesizes fragmented literature on Islamic FinTech, green finance, greenwashing, shariah governance, ecological governance, Islamic Ecotheology, and maqāṣid al-sharī'ah. The results of the study indicate that Islamic FinTech is still largely understood within a legal technical framework, particularly regarding service efficiency, financial inclusion, and contract compliance. At the same time, green finance faces the risk of greenwashing when green claims are not accompanied by evidence of impact. In the context of Islamic FinTech, this issue develops into a double legitimacy risk because green claims can meet with sharia claims that are not necessarily oriented towards maqāṣid. This study proposes shariah ecological governance as a conceptual framework that connects shariah screening, ecological screening, maqāṣid assessment, impact reporting, digital traceability, ecological shariah audit, and stakeholder accountability. The study's primary contribution lies in shifting the understanding of Islamic FinTech from a transaction platform to a maqāṣid- based impact accountability regime and ecological responsibility.

Downloads

Published

2026-08-22

How to Cite

Anom Garbo, Joko Setyono, & Anik. (2026). Assessing Green and Shariah Claims: Dual Accountability in Green Islamic Fintech. Jurnal Masharif Al-Syariah: Jurnal Ekonomi Dan Perbankan Syariah, 11(3). https://doi.org/10.30651/jms.v11i4.32760

Issue

Vol. 11 No. 3 (2026)

Section

Artikel

License

The Authors submitting a manuscript do so on the understanding that if accepted for publication, copyright of the article shall be assigned to Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah and Faculty Of Islamic Religiuos Universitas Muhammadiyah Surabaya as publisher of the journal.

Copyright encompasses exclusive rights to reproduce and deliver the article in all form and media, including reprints, photographs, microfilms and any other similar reproductions, as well as translations. The reproduction of any part of this journal, its storage in databases and its transmission by any form or media, such as electronic, electrostatic and mechanical copies, photocopies, recordings, magnetic media, etc., will be allowed only with a written permission from Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah and Faculty Of Islamic Religiuos Universitas Muhammadiyah Surabaya.

Faculty Of Islamic Religiuos Universitas Muhammadiyah Surabaya, the Editors and the Advisory Editorial Board make every effort to ensure that no wrong or misleading data, opinions or statements be published in the journal. In any way, the contents of the articles and advertisements published in the Tadarus are sole and exclusive responsibility of their respective authors and advertisers.

Rights of Authors
The Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah And Faculty Of Islamic Religiuos Universitas Muhammadiyah Surabaya recognize the retention of the following:

  • Patent and trademark rights and rights to any process or procedure described in the article.
  • The right to photocopy or make single electronic copies of the article for their own personal use, including for their own classroom use, or for the personal use of colleagues, provided the copies are not offered for sale and are not distributed in a systematic way outside of their employing institution (e.g. via an e-mail list or public file server). Posting of an article on a secure network (not accessible to the public) within the author institution is permitted.
  • The right, subsequent to publication, to use the article or any part thereof free of charge in a printed compilation of works of their own, such as collected writings or lecture notes.