GOVERNING GREEN FINANCE IN ACEH: LEGAL FRAGMENTATION, ISLAMIC ECONOMIC LAW AND INDONESIAN POSITIVE LAW
DOI:
https://doi.org/10.22373/al-mudharabah.v7i2.10751Keywords:
green finance, Aceh, Islamic finance, Fiqh Muamalah, unlicensed gold mining, Environmental LawAbstract
Green finance in Aceh sits at the intersection of Indonesia’s sustainable-finance regime, Aceh’s special autonomy, mandatory sharia compliance and the environmental harms associated with unlicensed gold mining. This article argues that the framework is procedurally dense but substantively fragmented: it requires plans, disclosure and taxonomic classification without integrating ecological legality, harm prevention and remediation into financing duties. Through doctrinal analysis and limited functional comparison, it constructs a Prevent–Transition–Restore model. The model links negative screening and traceability to inclusive sharia financing for livelihood transition and ring-fenced instruments for ecological restoration, while preserving the distinction between fiqh reasoning and enforceable positive law.
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