Islamic Green Bonds. Islamic Green Markets (Green Sukuk)

Islamic Green Bonds. Islamic Green Markets (Green Sukuk)
Author: Mourine Atsien
Publisher: GRIN Verlag
Total Pages: 21
Release: 2023-02-15
Genre: Business & Economics
ISBN: 334681341X

Essay from the year 2022 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: A, , course: Islamic banking, language: English, abstract: Green sukuk is a form of Islamic green finance that helps in mobilisation of funds for green projects. Like conventional sukuk, green sukuk is an asset-based security based on sharia laws and is used mostly in Muslim majority countries to mobilise finances for infrastructure and large-scale developments (Sekuriti, 2019). It is a low-risk, guaranteed return for the investor. These programs provide solutions in areas where financial inclusion is low, as they minimise risk. For instance, they help governments and local authorities to implement sustainable projects or projects aimed at combating climate change such as renewable energy and waste management projects. The use of Sukuk also reduces debt levels by promoting economic security and equality. According to Ng (2015), Sukuk can be restructured to help in the attainment of sustainable development goals by integrating contemporary innovations in financial technology. Consistent with this argument, the OECD (2020) proposed the introduction of the incentive-compatible Sukuk masharakah model in the development of green bonds.

Islamic Green Finance

Islamic Green Finance
Author: Mohd Ma'Sum Billah
Publisher: Taylor & Francis
Total Pages: 265
Release: 2024-09-16
Genre: Business & Economics
ISBN: 1040121063

This book argues that focusing on the green economy and green finance is essential to counteract the catastrophic, socio-economic effects of the COVID-19 pandemic. Further, while numerous research initiatives in the context of the green economy and/or finance have been observed in different parts of the world, to date, no comprehensive work has been published on the topic of green finance in relation to the discipline of Shari’ah. This timely book provides a comprehensive guide and offers practical solutions to the core issues of green finance within the principles of Maqasid al-Shari’ah. It contends that Islamic green finance serves to promote global financial stability and mitigate the financial risks associated with climate change and environmental degradation: by integrating Islamic finance principles with sustainable and environmentally friendly practices; by encouraging ethical investments and prioritising long-term social and environmental benefits; and by redirecting capital towards sustainable projects and fostering a more sustainable and inclusive financial system. Islamic green finance’s emphasis on transparency, governance, risk-sharing, and responsible investing helps lessen systemic risks and supports the transition towards a more stable and sustainable global financial landscape. The book’s holistic approach to green finance in Maqasid al-Shari’ah aims to ensure that financial actions align with Islamic principles and help create a more sustainable and responsible economic system. The book is a detailed reference, which sheds light on the pressing issues of our time. It encompasses various aspects of Islamic economics and serves as a guide to implementing green financing in accordance with Islamic principles and ethics, and as such, it will appeal to academics, researchers, students and policymakers alike.

Islamic Wealth and the SDGs

Islamic Wealth and the SDGs
Author: Mohd Ma'Sum Billah
Publisher: Springer Nature
Total Pages: 666
Release: 2021-04-21
Genre: Business & Economics
ISBN: 3030653137

The SDGs, developed by the UN in 2012, focuses on 17 goals for the betterment of humanity and humanitarian causes. Among the core objectives of Shari'ah in Islamic finance is to offer a helping hand, emphasizing the efforts and scope of the SDGs. This book explores how Islamic ethical wealth is structured to contribute to the SDGs and an overall socio-economic impact within the principles of Maqasid al-Shari’ah. Focusing areas such as Islamic micro-finance, wealth inclusion, corporate and agro-Zakat, Awqaf, SRI Sukuk, and green Sukuk, this book will feature contributions from the leading researchers in sustainability and Islamic finance and will be of interest to scholars, researchers, industrialists, NGOs, UNDP and students studying both areas.

Green Sukuk

Green Sukuk
Author: Umar F. Moghul
Publisher:
Total Pages: 60
Release: 2015
Genre:
ISBN:

This article explores the parallels between Islamic ethics and environmental consciousness and demonstrates the market potential of coupling environmental sustainability with Islamic capital markets. A 'green' sukuk, the subject case study, has the potential to build a pioneering bridge between socially-responsible and Islamic investment communities. Given the breadth of projects a sukuk can finance, the scope of Islamic and conventional socially-responsible investors, and large-scale renewable energy and energy diversification initiatives, a 'green' sukuk would engender business growth while addressing environmental and energy concerns and pave the way for future Islamic and socially responsible agendas like community rejuvenation and sustainable farming. Islamic finance may thereby effectuate tangible impact and respond to stakeholder criticisms. We recommend: (i) legislation of standards to support Islam's environmental ethics alongside compliance assessment bodies, (ii) the inclusion of environmental ethics in contemporary Islamic legal-financial analytics, and (iii) audits describing environmental impact and efforts.

Catalyzing Green Finance

Catalyzing Green Finance
Author: Asian Development Bank
Publisher: Asian Development Bank
Total Pages: 276
Release: 2017-08-01
Genre: Business & Economics
ISBN: 9292578561

A large financing need challenges climate-adjusted infrastructure in developing Asia, estimated at $26 trillion till 2030. This necessitates crowding-in private sources to meet financing, efficiency, and technology gaps. However, a lack of bankable projects is a major hurdle. This publication suggests one possible innovative financing approach. The Green Finance Catalyzing Facility (GFCF) proposes a blended finance framework for governments and development entities to better leverage development funds for risk mitigation, generate a pipeline of bankable green infrastructure projects, and directly catalyze private finance. The GFCF provides useful inputs for the current debate on mainstreaming green finance into country financial systems.

The Islamic Debt Market for Sukuk Securities

The Islamic Debt Market for Sukuk Securities
Author: Mohamed Ariff
Publisher: Edward Elgar Publishing
Total Pages: 243
Release: 2012-01-01
Genre: Business & Economics
ISBN: 0857936212

The relatively new sukuk (or Islamic debt securities) markets have grown to more than US $800 billion over the past decade, and continue to grow at a rate of around 20-30 per cent per year. Arguably the first of its kind, this path-breaking book provides a highly unique reference tool relating to key issues surrounding sukuk markets, which are found in 12 major financial centres, including Kuala Lumpur, London and Zurich. The internationally renowned contributors present an in-depth study of sukuk securities, beginning with a comprehensive definition and history. They go on to discuss Islamic financial concepts and practices that govern how sukuk securities are issued, how markets are carefully regulated to protect investors, and how securities are designed to safeguard invested money. The prospects and challenges of developing sukuk Islamic debt markets across the world are also illustrated. This comprehensive guide to sukuk markets will prove a fascinating and useful reference tool for academics, students, researchers and practitioners with an interest in Islamic finance, and, more specifically, in the nascent field of sukuk securities.

Islamic Bond Issuance

Islamic Bond Issuance
Author: Mr.Paul S. Mills
Publisher: International Monetary Fund
Total Pages: 22
Release: 2008-07-01
Genre: Business & Economics
ISBN: 1451946023

Recent years have witnessed a surge in the issuance of Islamic capital market securities (sukuk) by corporates and public sector entities amid growing demand for alternative investments. As the sukuk market continues to develop, new challenges and opportunities for sovereign debt managers and capital market development arise. This paper reviews the key developments in the sukuk market and informs the debate about challenges and opportunities going forward.

Islamic Finance: Issues in Sukuk and Proposals for Reform

Islamic Finance: Issues in Sukuk and Proposals for Reform
Author: Mohammad Hashim Kamali
Publisher: Kube Publishing Ltd
Total Pages: 207
Release: 2014-12-22
Genre: Religion
ISBN: 0860375781

This collection of essays brings together leading scholars and practitioners to discuss contemporary issues in the rapidly expanding sukuk market, and frankly debates the challenges facing it since the 2008 financial crisis. Highly recommended for practitioners, scholars, and students of Islamic finance. Professor Mohammad Hashim Kamali is the founding chairman and CEO of the International Institute of Advanced Islamic Studies (IAIS) in Malaysia, and is a leading authority in Islamic jurisprudence, Islamic finance, and human rights in Islamic law. A.K. Abdullah is an assistant research fellow at the IAIS.

Islamic Capital Markets: A Comparative Approach (Second Edition)

Islamic Capital Markets: A Comparative Approach (Second Edition)
Author: Obiyathulla Ismath Bacha
Publisher: World Scientific
Total Pages: 403
Release: 2019-02-27
Genre: Business & Economics
ISBN: 9813274654

Islamic Capital Markets: A Comparative Approach (2nd Edition) looks at the similarities and differences between Islamic capital markets and conventional capital markets. The book explains each topic from both the conventional and the Islamic perspective, offering a full understanding of Islamic capital markets, processes, and instruments. In addition to a full explanation of Islamic products, the book also ensures a holistic understanding of the dual markets within which Islamic capital markets operate.Ideal for both students and current practitioners, the second edition of the highly successful Islamic Capital Markets: A Comparative Approach fills a large gap in the current literature on the subject, featuring case studies from Malaysia, Indonesia, Europe, and the Middle East. One of the few comprehensive, dedicated guides to the subject available, the book offers comprehensive and in-depth insights on the topic of Islamic finance for students and professionals alike.

Energy and Finance

Energy and Finance
Author: André Dorsman
Publisher: Springer
Total Pages: 204
Release: 2016-08-13
Genre: Business & Economics
ISBN: 3319322680

This book analyses how socially responsible investments as well as the rising importance of Islamic finance are linked to the shift towards renewable energy. Academics and practitioners in the field take a global perspective and present case studies from several countries. The book is divided into three parts: The first part sheds new light on the energy shift towards renewable energy. The second shows the increasing interest of investors in sustainability, and the authors argue that investors not only look at expected returns and risks, but also at social returns. Finally, the third part explains the need for social returns in Islamic finance, which cannot be explained by traditional finance theory. This is the fifth volume in a series on energy organized by the Centre for Energy and Value Issues (CEVI).