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Islamic Finance

  Islamic Finance   |   Terms
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  • June 7, 2020
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Green Sukuk

Sukuk (pl. of sakk) which are structured and issued for the purpose of financing shari’ah-compliant investments in renewable energy (solar parks, photovoltaic projects, wind energy farms and installations, etc.) and other environment friendly industries (biogas plants, carbon-conscious projects, etc.). For example, proceeds of sovereign green sukuk may be used to refinance construction debt, or to finance government-grants of green subsidies. This type of sukuk places special emphasis on climate protection, environmental protection, global cooling, government green initiatives, sustainable growth and development, and so on.

Green sukuk aim to fund environmental projects in compliance with shari’ah and pro-environmental standards (e.g. maximum rates of emissions).


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