Title : Development And Evaluation Of Islamic Green Financing: A Systematic Review Of Green Sukuk

Authors : Azhar Alam, Ririn Tri Ratnasari, Isnani Latifathul Jannah, Afief El Ashfahany

Department : Islamic Economics

Journal Name : Environmental Economics

Kinds of Journal :

Keywords : Islamic bonds, Islamic finance, Scopus database, descriptive analysis, sukuk, synthesis analysis environmental finance

ABSTRACT :

The threat of the global climate crisis demands improvement and adjustment from various sides, including the financial sector. Islamic finance responds to environmental responsibility by presenting environmentally friendly financing products in green sukuk. This study aims to show the development trend of the number of publications in green sukuk and systematize the results of studies that explain the development and evaluation of the emergence of green sukuk investments. This study analyzed 15 publications on green sukuk during the 2016-2022 years indexed by the Scopus database. As for methodology, the descriptive analysis was used to explain the green sukuk data quantitatively; the synthesis analysis was used to describe data based on four directions (the development of models (10 sources), opportunities (12 sources), challenges (12 sources), and evaluations of green sukuk (10 sources). Preferred Reporting Items for Systematic Reviews and Meta-Analyses standard were used to choose samples for this investigation. minimization is found. Green sukuk demands efficient management to be more viable, competitive, and attractive to investors if the operational area supports it. Green sukuk projects face expanding green funding, global climate financing, managing renewable energy, and validating greenhouse gas emissions.

For details :
https://doi.org/10.21511/ee.14(1).2023.06