Abstract
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.
| Original language | English |
|---|---|
| Title of host publication | The Routledge Handbook of Islamic Economics and Finance |
| Publisher | Taylor and Francis |
| Pages | 361-384 |
| Number of pages | 24 |
| ISBN (Electronic) | 9781003168508 |
| ISBN (Print) | 9780367767754 |
| DOIs | |
| Publication status | Published - 6 Aug 2025 |
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