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Muslims around the world are putting their money where their mouth is in an effort to fight climate change.
The Pew Research Center reports on a new type of endowment called a Waqf, or green Waqf, which aims to fight climate change by promoting environmental preservation and contributing to sustainable development.
The endowments, which the Wall Street Journal notes are being set up in countries such as Indonesia, Malaysia, and Saudi Arabia, have been around for a while, but they're now being used more prominently.
"Muslim communities can contribute meaningfully to the global fight against climate change and environmental degradation," a Waqf expert tells the Journal.
The Pew Research Center notes that climate change is a "pressing" issue for Muslims, who make up 10% of the world's population but account for less than one-third of the world's climate-related wealth.
In fact, according to the Intergovernmental Panel on Climate Change, the demand for climate finance is expected to rise to $9 trillion a year by 2030, and Green Waqf could play a big role in meeting that demand.
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