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<p>Achieving net zero by mid-century in climate-vulnerable, capital-scarce settings requires finance that is ethically legitimate, locally trusted, and operationally scalable. This article develops the Community Climate Waqf–Zakat Model (CCWZM), which assigns time-horizon specific roles to Islamic social finance: zakat funds targeted, time-bound, deprivation-reducing programs for eligible beneficiaries (asnaf) over 6–18 months, while waqf endows long-lived community assets with service lives of 10 years or more. We integrate these tiers with investable, Shariah-compliant interfaces, including cash-waqf linked green sukuk (CW-GS) for capital expenditure and sukuk–waqf for Islamic microfinance institutions (SW-IMFI) to finance climate-smart livelihood portfolios. The model is grounded in Maqasid al-Shariah, aligns with Sustainable Development Goals (SDGs) and Nationally Determined Contributions (NDCs), and specifies double materiality reporting through a unified public registry that publishes machine-readable service outputs, climate outcomes, and annual Shariah and impact audits. We provide design heuristics, a 12–18 month implementation roadmap, and four replication playbooks, including a clinic–school solar-water hub with indicative scales of 150–500 kWp photovoltaic capacity and 0.6–2 MWh storage per cluster. The contribution is a design-oriented synthesis and operating blueprint rather than a program evaluation. By codifying green waqf and zakat guardrails, standardizing disclosures, and coupling philanthropic purpose with disciplined market instruments, CCWZM converts faith-anchored legitimacy into function-ready finance for just, community-based climate resilience in the Net Zero Transition.</p>

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Waqf and zakat as drivers of community-based climate resilience in the net zero transition

  • 期刊论文

  • 出版模式：

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  • 发表日期：

    2025年12月29日

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  • Cem Korkut

摘要

Achieving net zero by mid-century in climate-vulnerable, capital-scarce settings requires finance that is ethically legitimate, locally trusted, and operationally scalable. This article develops the Community Climate Waqf–Zakat Model (CCWZM), which assigns time-horizon specific roles to Islamic social finance: zakat funds targeted, time-bound, deprivation-reducing programs for eligible beneficiaries (asnaf) over 6–18 months, while waqf endows long-lived community assets with service lives of 10 years or more. We integrate these tiers with investable, Shariah-compliant interfaces, including cash-waqf linked green sukuk (CW-GS) for capital expenditure and sukuk–waqf for Islamic microfinance institutions (SW-IMFI) to finance climate-smart livelihood portfolios. The model is grounded in Maqasid al-Shariah, aligns with Sustainable Development Goals (SDGs) and Nationally Determined Contributions (NDCs), and specifies double materiality reporting through a unified public registry that publishes machine-readable service outputs, climate outcomes, and annual Shariah and impact audits. We provide design heuristics, a 12–18 month implementation roadmap, and four replication playbooks, including a clinic–school solar-water hub with indicative scales of 150–500 kWp photovoltaic capacity and 0.6–2 MWh storage per cluster. The contribution is a design-oriented synthesis and operating blueprint rather than a program evaluation. By codifying green waqf and zakat guardrails, standardizing disclosures, and coupling philanthropic purpose with disciplined market instruments, CCWZM converts faith-anchored legitimacy into function-ready finance for just, community-based climate resilience in the Net Zero Transition.