Combating climate change in Malaysia: critical appraisal on Sukuk as an Islamic social finance instrument
Sukuk are majorly used to raise funds in a large scale for the purpose of developments. With the increase of interest for responsible finance and investment, sukuk are used to meet such interests from the stakeholders. Instead of only looking for development purposes, Muslim scholars proposed that s...
| Main Authors: | , , , |
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| Format: | Proceeding Paper |
| Language: | English English |
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2020
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| Online Access: | http://irep.iium.edu.my/80838/ http://irep.iium.edu.my/80838/1/80838%20-%20Combating%20Climate%20Change%20in%20Malaysia_poster%2Cinvitation%20letter%2C%20parallel%20session.pdf http://irep.iium.edu.my/80838/2/80838%20-%20Combating%20Climate%20Change%20in%20Malaysia_slide%20presentation.pdf |
| _version_ | 1848789028903583744 |
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| author | Yusof, Siti Ainatul Mardhiah Mohd. Zain, Nor Razinah Hasan, Aznan Engku Ali, Engku Rabiah Adawiah |
| author_facet | Yusof, Siti Ainatul Mardhiah Mohd. Zain, Nor Razinah Hasan, Aznan Engku Ali, Engku Rabiah Adawiah |
| author_sort | Yusof, Siti Ainatul Mardhiah |
| building | IIUM Repository |
| collection | Online Access |
| description | Sukuk are majorly used to raise funds in a large scale for the purpose of developments. With the increase of interest for responsible finance and investment, sukuk are used to meet such interests from the stakeholders. Instead of only looking for development purposes, Muslim scholars proposed that sukuk could be used for many other different purposes. An innovation of sukuk i.e. green sukuk has played a prominent role in financing infrastructure and renewable energy projects. With the introduction of Sustainable Development Goals (SDGs) by the United Nations in 2015 that strategize to be a blueprint to achieve sustainable future for all, green sukuk are looked up to as one of the most potential instruments that can be used in achieving such SDGs. Green sukuk stand with an advantage of a Shariah-compliance financing instrument that not only meet the demands from the investors and stakeholders; but also, it is able to provide a better alternative in a term of social finance discourse. Looking closely into the initiative in combating climate change in Malaysia, this research qualitatively investigates the potential and roles of green sukuk in leading the trend in eco-friendly investments and development projects. As a finding, there is a positive trend among investors towards green sukuk that are based on eco-friendly investments and development projects. |
| first_indexed | 2025-11-14T17:50:13Z |
| format | Proceeding Paper |
| id | iium-80838 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T17:50:13Z |
| publishDate | 2020 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-808382020-06-16T08:59:32Z http://irep.iium.edu.my/80838/ Combating climate change in Malaysia: critical appraisal on Sukuk as an Islamic social finance instrument Yusof, Siti Ainatul Mardhiah Mohd. Zain, Nor Razinah Hasan, Aznan Engku Ali, Engku Rabiah Adawiah HF Commerce HG Finance HG3368 Islamic Banking and Finance K Law (General) K3581 Environmental Law KPG Malaysia Sukuk are majorly used to raise funds in a large scale for the purpose of developments. With the increase of interest for responsible finance and investment, sukuk are used to meet such interests from the stakeholders. Instead of only looking for development purposes, Muslim scholars proposed that sukuk could be used for many other different purposes. An innovation of sukuk i.e. green sukuk has played a prominent role in financing infrastructure and renewable energy projects. With the introduction of Sustainable Development Goals (SDGs) by the United Nations in 2015 that strategize to be a blueprint to achieve sustainable future for all, green sukuk are looked up to as one of the most potential instruments that can be used in achieving such SDGs. Green sukuk stand with an advantage of a Shariah-compliance financing instrument that not only meet the demands from the investors and stakeholders; but also, it is able to provide a better alternative in a term of social finance discourse. Looking closely into the initiative in combating climate change in Malaysia, this research qualitatively investigates the potential and roles of green sukuk in leading the trend in eco-friendly investments and development projects. As a finding, there is a positive trend among investors towards green sukuk that are based on eco-friendly investments and development projects. 2020-03-11 Proceeding Paper NonPeerReviewed application/pdf en http://irep.iium.edu.my/80838/1/80838%20-%20Combating%20Climate%20Change%20in%20Malaysia_poster%2Cinvitation%20letter%2C%20parallel%20session.pdf application/pdf en http://irep.iium.edu.my/80838/2/80838%20-%20Combating%20Climate%20Change%20in%20Malaysia_slide%20presentation.pdf Yusof, Siti Ainatul Mardhiah and Mohd. Zain, Nor Razinah and Hasan, Aznan and Engku Ali, Engku Rabiah Adawiah (2020) Combating climate change in Malaysia: critical appraisal on Sukuk as an Islamic social finance instrument. In: Islamic Social Outreach Programme (ISFO 2020), 11th March 2020, Kuala Lumpur, Malaysia. (Unpublished) |
| spellingShingle | HF Commerce HG Finance HG3368 Islamic Banking and Finance K Law (General) K3581 Environmental Law KPG Malaysia Yusof, Siti Ainatul Mardhiah Mohd. Zain, Nor Razinah Hasan, Aznan Engku Ali, Engku Rabiah Adawiah Combating climate change in Malaysia: critical appraisal on Sukuk as an Islamic social finance instrument |
| title | Combating climate change in Malaysia: critical appraisal on Sukuk as an Islamic social finance instrument |
| title_full | Combating climate change in Malaysia: critical appraisal on Sukuk as an Islamic social finance instrument |
| title_fullStr | Combating climate change in Malaysia: critical appraisal on Sukuk as an Islamic social finance instrument |
| title_full_unstemmed | Combating climate change in Malaysia: critical appraisal on Sukuk as an Islamic social finance instrument |
| title_short | Combating climate change in Malaysia: critical appraisal on Sukuk as an Islamic social finance instrument |
| title_sort | combating climate change in malaysia: critical appraisal on sukuk as an islamic social finance instrument |
| topic | HF Commerce HG Finance HG3368 Islamic Banking and Finance K Law (General) K3581 Environmental Law KPG Malaysia |
| url | http://irep.iium.edu.my/80838/ http://irep.iium.edu.my/80838/1/80838%20-%20Combating%20Climate%20Change%20in%20Malaysia_poster%2Cinvitation%20letter%2C%20parallel%20session.pdf http://irep.iium.edu.my/80838/2/80838%20-%20Combating%20Climate%20Change%20in%20Malaysia_slide%20presentation.pdf |