Green Sukuk: Sustainable Financing Instruments for Infrastructure Development in Indonesia

DOI

10.2991/assehr.k.200529.206How to use a DOI?

Keywords

Green Sukuk, green infrastructure, sustainable development goals

Abstract

Sustainable development goals open opportunities for the issuance of Sukuk (Islamic securities) as an alternative to sustainable financing for infrastructure development in Indonesia. In line with the rise of public awareness of the concept of sustainable development, a new investor market has emerged. The investors will only invest in investment instruments that are categorized as “green”. By applying the normative legal approach, this study analyzes green sukuk as an alternative financing for green infrastructure development in Indonesia. This study concludes that Indonesia develops Green Sukuk to support the development of green infrastructure based on the World Bank’s Green Bond model. Moreover, this study proposed the green sukuk legal framework to ensure that the project meets the criteria for green infrastructure.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Lastuti Abubakar
AU  - Tri Handayani
PY  - 2020
DA  - 2020/05/04
TI  - Green Sukuk: Sustainable Financing Instruments for Infrastructure Development in Indonesia
BT  - Proceedings of the 1st Borobudur International Symposium on Humanities, Economics and Social Sciences (BIS-HESS 2019)
PB  - Atlantis Press
SP  - 983
EP  - 987
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.200529.206
DO  - 10.2991/assehr.k.200529.206
ID  - Abubakar2020
ER  -