Desfiansyah, Fadlan
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The Role of Green Sukuk for Sustainable National Development: Peran Green Sukuk terhadap Pembangunan Nasional yang Berkelanjutan Hiljannah, Zalfa Zahirah; Desfiansyah, Fadlan; Putra, Anggi Tryfinza; Sarjono, Oka Raditya
JURNAL EKONOMI SYARIAH Vol 8, No 2 (2023): Jurnal Ekonomi Syariah
Publisher : Universitas Siliwangi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37058/jes.v8i2.7577

Abstract

In this increasingly advanced era, sukuk has experienced more innovative developments with the emergence of interesting ideas in the form of green sukuk or green bonds. The issue of sustainability is being discussed more frequently due to its positive impact on the environment and future livelihoods. However, there are still individuals who are not fully aware of the importance of this concept, which can pose a serious threat to future survival. Therefore, the momentum of the sustainability movement should receive attention from the entire society, gradually understanding and implementing the concept of "sustainability" in every development action, both in environmental and social contexts. Thus, green sukuk instruments provide various benefits, including contributing to environmental preservation and indirectly involving the community in active and tangible national development. The objective of this research is to determine the extent of the role of green sukuk in sustainable national development. This research utilizes a descriptive qualitative approach to analyze relevant literature data. The data sources that will be used include various academic literature, reports from relevant financial institutions and government agencies, as well as related publications from international organizations. Data analysis is conducted by identifying and analyzing the main themes that emerge from the relevant literature. Green Sukuk is an Islamic bond instrument that combines Sharia principles with green projects to finance efforts in climate change mitigation, climate adaptation, and biodiversity conservation. The issuance of Green Sukuk involves an issuer who issues debt certificates to investors, with the funds obtained specifically allocated to projects that meet green criteria. The funded projects encompass renewable energy sectors, energy efficiency, sustainable transportation, waste management, reforestation, as well as climate change mitigation and environmental conservation efforts. Green Sukuk offers benefits to the issuer in terms of obtaining funds from investors interested in sustainable investments, while investors can invest in projects that have a positive impact on the environment and society. The Indonesian government has supported the development of Green Sukuk as part of their commitment to sustainable development, attracting high interest from both domestic and international investors.
Peran Pemerintah dalam Mendorong Pertumbuhan Ekonomi Syariah melalui Kebijakan Fiskal Desfiansyah, Fadlan; Az-Zahra, Nabilla; Shifa, Maylaffayza Permata; Zahra, Fatimah
Al-Urban: Jurnal Ekonomi Syariah dan Filantropi Islam Vol. 7 No. 2 (2023)
Publisher : Universitas Muhammadiyah Prof. DR. HAMKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22236/alurban_vol7.i2/11750

Abstract

Fiscal policy in encouraging Islamic economic growth is urgently needed to create new opportunities and increase the competitiveness of the Islamic economic sector. Broadly speaking, fiscal policy that is oriented towards sharia principles includes increasing welfare through maintaining faith, soul, mind, wealth and property. Islamic finance that operates according to Islamic principles with the aim of encouraging more investors to invest in this sector and increasing market liquidity. Fiscal policy in Indonesia is controlled through various instruments such as taxes, subsidies and government spending. The research method used in this article is literature review, which is a structured, detailed and iterative method for identifying, evaluating and synthesizing works produced by researchers and practitioners. Likewise, the form of implementing fiscal policy that has been implemented in supporting Islamic economic growth includes reducing taxes for Islamic companies, providing incentives for Islamic companies, and using zakat and waqf funds to support Islamic economic efforts.