TSARWATICA (Islamic Economic, Accounting, and Management Journal)
Vol. 7 No. 1 (2025)

THE ROLE OF GREEN SUKUK IN SUSTAINABLE FINANCING: AN ANALYTICAL STUDY IN INDONESIA DURING THE 2018–2024 PERIOD

Jojo, Jojo (Unknown)
Frasipa, Ana (Unknown)



Article Info

Publish Date
31 Jul 2025

Abstract

This study aims to analyze the role of green sukuk in supporting sustainable financing in Indonesia. Green sukuk is a sharia-compliant financial instrument specifically designed to finance environmentally friendly projects. This study uses a descriptive-qualitative approach with secondary data analysis from the Ministry of Finance, the Financial Services Authority (OJK), and international institutions. The results show that green sukuk contributes significantly to financing renewable energy, sustainable transportation, and energy efficiency projects in Indonesia. However, challenges remain in terms of transparency, retail investor participation, and regulatory harmonization. This study provides strategic recommendations for the government and Islamic finance industry players to optimize the potential of green sukuk going forward.

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Journal Info

Abbrev

tsarwatica

Publisher

Subject

Religion Economics, Econometrics & Finance

Description

TSARWATICA (Islamic Economic, Accounting, and Management Journal) diterbitkan oleh Lembaga Penelitian dan Pengabdian kepada Masyarakat (LPPM) Sekolah Tinggi Ilmu Ekonomi Sutaatmadja. Terbit dua kali dalam setahun (Februari dan Juli). Terbit perdana pada Juli 2019. Tujuan: 1) Menjadi media publikasi ...