Green Sukuk, Islamic Green Financing

Abstract

As an archipelago with various natural resources and high diversity, Indonesia has great potential to be influenced by the negative impacts of climate change. As part of a responsible and committed global community to realize a low carbon and climate-resilient in the future, many of the programs being undertaken by Indonesia to address climate change mitigation and adaption also deliver important social benefits. One of them is issuing Green Sukuk. To reflect the implementation of Green Sukuk as Islamic green financing, Indonesia can be a lesson learned. The Green Sukuk issuance marked Indonesia as the world's first country to issue a Sovereign Green Sukuk and another milestone as the first to issue Retail Green Sukuk. This initiative has brought Indonesia got some awards by the global community. Therefore, this chapter addresses key topics to Indonesia's Sovereign Green Sukuk as sustainable green financing by focusing on three issues: (1) Green Sukuk framework, (2) Green Sukuk projects, (3) Green Sukuk report.