Islamic finance has witnessed a rapid growth in recent years. In 2019, the value of Islamic banking assets was estimated to be around US$1.99 trillion. Within this area of finance is growing interest in environmentally themed products. “Green Sukuk” are Shari’ah compliant investments in renewable energy and other environmental assets. Proceeds are used to finance construction, to refinance construction debt, or to finance the payment of a government-granted green subsidy. They may involve securitizing future income cash flows from ring-fenced projects or assets with specific criteria attached.

The webinar took place on 21 October, from 08:30 am to 09:30 am (CEST).

This session features a discussion with market participants that are innovating in the area of green Islamic finance. The session also charts the progress to date and seek to provide insight on the future evolution of this space.

About WIF

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