How Green Sukuk Structure Contributes to SDGs?

Mohamed Cherif El Amri (), Mustafa Omar Mohammed and Mohamed Hamoud Abdi
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Mohamed Cherif El Amri: Istanbul Sabahattin Zaim University
Mustafa Omar Mohammed: International Islamic University Malaysia [IIUM]
Mohamed Hamoud Abdi: Istanbul Sabahattin Zaim University

Chapter Chapter 32 in Islamic Wealth and the SDGs, 2021, pp 621-637 from Springer

Abstract: Abstract Although Muslim governments and institutions have made head starts in the issuance of Green sukuk for SDGs-related projects, the volume is still relatively small compared to the number of issuances of Green Bond by their conventional counterparts. The reason for such small percentage of Green sukuk issuances could be partly attributed to the structure of the sukuk market and the lack of regulatory development. Thus, the majority of SDGs-related projects are still largely funded by Green Bonds (Dorsman et al. 2016; Usmani 2008). Therefore, what are the pertinent issues that challenge the Green sukuk structure and their contributions to the projects related to the sustainable development goals projects? Most of the present studies have not responded adequately to this important research question. The present chapter fills in this research gap. The chapter comprises five sections including the introduction. Section two discusses Green sukuk and the projects they fund. Section three focuses on Green sukuk and SDGs. The fourth section identifies and analyzes the issues that challenge the issuances of Green sukuk for funding SDGs-related projects. The final section five concludes the study and suggests the way forward.

Keywords: Green sukuk; Green finance; Sukuk; Structure; SDGs; Contributions (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/978-3-030-65313-2_32

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