Sustainability is massively important to me, (and hopefully all Muslims) and I believe in the efficacy of renewables.
When it comes to renewable energy investments they have long term goals to become profitable (like 5-10 years) (eg wind farm, solar farm, biogas plants)
Generally they take out loans (massive initial investment costs) to build the infrastructure of the company so the company is in massive debt initially, Then when it’s running they grow steadily until debt is eliminated, thereby becoming profitable. Which takes years to acheive
(this is my very limited understanding in this domain)
I understand from shariah compliance perspective this would then not be a permissable investment due to the massive debt:equity
However, how then, would Muslims be able to fund such massive and altruistic endeavours?
To wait until they are out of debt seems rather convenient? That we would allow non Muslims to go into debt then we’d join the company through share ownership after eliminating debt?
How could Muslims realistically create these companies then from ourselves…
I realise its a multifaceted question. I’m asking because I’d like to fund renewable endeavours through investing in their companies for the sake of our planets future.
I apologise if I’m asking it in the wrong place