TY - CHAP
T1 - Islamic blended finance as a catalyst
T2 - Driving Sustainable Waste-Recycling Initiatives in Pakistan
AU - Hashmi, Hadia Saqib
AU - Aassouli, Dalal
N1 - Publisher Copyright:
© 2026 Hussain Mohi-ud-Din Qadri, M. Ishaq Bhatti, and Mohd Azmi Omar. All rights reserved.
PY - 2025/8/6
Y1 - 2025/8/6
N2 - This study addresses Pakistan's critical waste management crisis, with daily waste generation projected at 99,776 tonnes amid a population expected to reach 232 million by 2023. It examines the detrimental impacts of current waste practices on public health and environmental sustainability, emphasizing indoor pollution and greenhouse gas emissions. Through a comprehensive literature review, it proposes integrating SMEs into the sector using a novel financing model that blends microfinance with personal investment. This approach aims to drive recycling efforts, promote economic growth through job creation, and enhance community engagement. The study explores Islamic microfinance's potential to attract private capital to environmentally responsible businesses, advocating for a blended finance strategy. By establishing a comprehensive waste selection and separation system, it demonstrates the feasibility of large-scale recycling and its contribution to the circular economy, aligning with the Sustainable Development Goals.
AB - This study addresses Pakistan's critical waste management crisis, with daily waste generation projected at 99,776 tonnes amid a population expected to reach 232 million by 2023. It examines the detrimental impacts of current waste practices on public health and environmental sustainability, emphasizing indoor pollution and greenhouse gas emissions. Through a comprehensive literature review, it proposes integrating SMEs into the sector using a novel financing model that blends microfinance with personal investment. This approach aims to drive recycling efforts, promote economic growth through job creation, and enhance community engagement. The study explores Islamic microfinance's potential to attract private capital to environmentally responsible businesses, advocating for a blended finance strategy. By establishing a comprehensive waste selection and separation system, it demonstrates the feasibility of large-scale recycling and its contribution to the circular economy, aligning with the Sustainable Development Goals.
UR - https://www.scopus.com/pages/publications/105013328695
U2 - 10.4324/9781003168508-28
DO - 10.4324/9781003168508-28
M3 - Chapter
AN - SCOPUS:105013328695
SN - 9780367767754
SP - 361
EP - 384
BT - The Routledge Handbook of Islamic Economics and Finance
PB - Taylor and Francis
ER -