Islamic Green Bonds. Islamic Green Markets (Green Sukuk)
Islamic Green Bonds. Islamic Green Markets (Green Sukuk)

Author: Mourine Atsien

Publisher: GRIN Verlag

Published: 2023-02-15

Total Pages: 21

ISBN-13: 334681341X

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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

Published: 2024-09-16

Total Pages: 265

ISBN-13: 1040121063

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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.

Green Sukuk
Green Sukuk

Author: Umar F. Moghul

Publisher:

Published: 2015

Total Pages: 60

ISBN-13:

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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.

The Islamic Debt Market for Sukuk Securities
The Islamic Debt Market for Sukuk Securities

Author: Mohamed Ariff

Publisher: Edward Elgar Publishing

Published: 2012-01-01

Total Pages: 243

ISBN-13: 0857936212

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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 Wealth and the SDGs
Islamic Wealth and the SDGs

Author: Mohd Ma'Sum Billah

Publisher: Springer Nature

Published: 2021-04-21

Total Pages: 666

ISBN-13: 3030653137

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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.

Islamic Bond Issuance
Islamic Bond Issuance

Author: Mr.Paul S. Mills

Publisher: International Monetary Fund

Published: 2008-07-01

Total Pages: 22

ISBN-13: 1451946023

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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.

Sukuk Securities
Sukuk Securities

Author: Meysam Safari

Publisher: John Wiley & Sons

Published: 2014-11-17

Total Pages: 240

ISBN-13: 1118937872

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The essential guide to global sukuk markets worldwide Sukuk Securities provides complete information and guidance on the latest developments in the burgeoning sukuk securities markets. Written by leading Islamic finance experts, this essential guide offers insight into the concepts, design features, contract structures, yields, and payoffs in all twelve global sukuk markets, providing Islamic finance professionals with an invaluable addition to their library. The first book to fully introduce the market, this book provides a detailed overview of the sukuk market, with practical guidance toward applying these instruments in real-world scenarios. Readers will learn how sukuk securities are regulated and the issues that arise from regulations, and gain insight into the foundation and principles of Islamic finance as applied to these instruments. Extensive tables illustrate t-test comparisons between conventional bonds and sukuk, risk factors, and the issuance of different types of sukuk securities by country to give readers a deeper understanding of the markets. In 2010, the World Bank recommended sukuk as the best form of lending for growth in developing countries; since then, the value of new issues has grown at 45 percent per year. The market's present size is close to US $1,200 billion, with private markets in major financial centers like London, Zurich, and New York. This book provides comprehensive guidance toward understanding and using these instruments, and working within these markets. Get acquainted with the sukuk market, definitions, classification, and pricing Learn the different approaches to structuring and contract design Discover how sukuk is applied, including regulations, ratings, and securitization Examine payoff structures and suggested sukuk valuation in the context of Islamic finance principles With the sukuk market growing the way it is, regulators, investors, and students need to fully understand the mechanisms at work. Sukuk Securities is the complete guide to the sukuk markets, with expert insight. July 2014 saw the first sukuk listing in London. Hong Kong and Seoul have also entered this niche market. Predictions are that there will be continued high growth of sukuk debt markets around the world, all providing targeted funding via sukuk contracting modes.

Islamic Capital Markets
Islamic Capital Markets

Author: Imam Uddin

Publisher: Routledge

Published: 2022-01-16

Total Pages: 73

ISBN-13: 1000553469

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This book offers a unique, in-depth, and up-to-date overview of Islamic banking and finance, capital markets, and sukuks at the grassroots level. It deals with one of the most potent and increasingly popular financial instruments. It defines and explores the differences between conventional and Sukuk bonds and also examines the integration of Sukuk in various country contexts and both Muslim and non-Muslim economies. The book consists of five core topics. First, it describes the evolution of the Islamic finance industry and capital markets; second, it discusses the basic features and instruments of Islamic banking; and third, it illustrates the current state of capital markets and Islamic finance. The book then examines the development of Sukuk in Islamic capital markets and Shariah perspectives and, finally, briefly discusses the structure of Sukuks and its development in the context of Pakistan. In a nutshell, this book provides a basic understanding of Islamic financial instruments, their implementation in different regions, and their points of differentiation from conventional modes of finance; therefore, it will be a useful addition to the literature for scholars, researchers, and students of Islamic banking and finance.

Green Sukuk
Green Sukuk

Author: Erfanul Alam Siddiquee

Publisher:

Published: 2022

Total Pages: 0

ISBN-13:

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The contemporary impulse for ethical and impactful investment is proliferating the demand for Socially Responsible Investment (SRI). As an integral part of responding to the climate change problem and minimizing the pressure on limited resources of Earth, the concept of a circular economy is gaining relevance. Even though the concepts of SRI and circular economy are embedded in Islamic finance standards, these sectors are yet to overlap. To bridge the gap, Green Sukuk can play a vital role as an Islamic SRI tool. Therefore, this paper aims to find the congruence between Islamic Finance, SRI and Circular Economy and provide policy implications in order to use Green Sukuk as an Islamic SRI instrument to adapt the notion of circular economy and introduce Islamic finance to the world of ethical, environmental and socially impactful investment.

The Challenges and Prospects of Sukuk
The Challenges and Prospects of Sukuk

Author: Essia Ries Ahmed

Publisher: Cambridge Scholars Publishing

Published: 2022-02-11

Total Pages: 250

ISBN-13: 1527580733

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Over recent decades, Sukuk (Islamic bonds) have emerged as one of the most important tools for Islamic investment and financing. They have become the most successful financial product in the Islamic financing industry, which has grown at a phenomenal pace over the past decade. A key driver in this regard has been the development of the Islamic capital markets, which offer tremendous potential for sovereigns, financial institutions, firms, and investors alike. This book comes at a key juncture in the development of the Islamic capital markets, with the global pandemic crisis providing an opportunity for the different players in the Islamic capital markets to re-appraise successes and failures to date. More stringent Shariah oversight has also encouraged a recent critical re-evaluation of the structures used in the Islamic capital markets. This book provides a comprehensive overview of the Sukuk markets, tracking their development from the first Sukuk to the current outlook after the global pandemic crisis and the recent Shariah rulings for Islamic financial institutions in relation to Sukuk. It presents key insights for beginners, as well as more experienced practitioners, and will serve as a practical handbook for postgraduate research students, undergraduate students pursuing a degree in Islamic banking and finance, academics, researchers, and stakeholders in Islamic capital markets, among others.