Green Sukuk For Sustainable Development Goals in Indonesia: A Literature Study

Realizing green economy requires extensive considerable funding, especially for renewable energy projects. This problem then encourages stakeholders to create financial instruments that focus on funding projects are following the Sustainable Development Goals (SDGs). One of developed is sukuk, an innovative form environmentally friendly funding. The results showed sector financed by sovereign sukuk funds was maqahid shariah in al-kulliyah al-khamsah frame, namely guarding religion (hifdzu ad din), soul Nafs), reason aql), offspring nasl) and property al Maal). potential issuance can be seen from increasing awareness investors about importance environmental conservation. involvement influential entities such as government United Nations development indicates this instrument. challenges issuing include a higher risk profile because it involves high, new, sophisticated technology. In addition, not simple transaction large number funds, so checks balances needed proper monitoring. order achieve Goals, used conserve environment natural resources, save energy, promote use reduce impact greenhouse gas emissions.