Green Sukuk represents a perfect synergy between the ethical principles of Islamic finance and the global movement towards sustainable finance. Rooted in the concept of environmental stewardship, Green Sukuk are Shariah-compliant (bonds) specifically issued to fund environmentally beneficial projects. IFAAS is at the forefront of promoting Green Sukuk, helping to channel Islamic finance towards initiatives that address pressing environmental issues such as climate change, deforestation, and renewable energy.
Our knowhow in this area covers the entire lifecycle of Green Sukuk, from conceptualisation and structuring to issuance and post-issuance reporting, and redemption. Our objective is to ensure that each Green Sukuk we advise on is fully compliant with Shariah principles while meeting the rigorous standards required for green certification. This dual focus not only attracts ethical investors but also ensures that the projects funded by these Sukuk contribute meaningfully to environmental sustainability.
Through its work with governments and development banks like the Islamic Development Bank (IsDB), the World Bank (WB), and the Asian Development Bank (ADB), IFAAS uses Islamic finance to drive positive change. By mobilising capital for green projects, we help bridge the gap between the growing demand for sustainable investments and the need for Shariah-compliant financial products. Our initiatives demonstrate how Islamic finance can be a powerful force for good, supporting climate change projects and promoting environmental sustainability through achieving ESG and SDGs.