气候变化领域集成服务门户(CCPortal): Islamic green finance: mapping the climate funding landscape in Indonesia

CCPortal

DOI	10.1108/IJOES-08-2023-0189
	Islamic green finance: mapping the climate funding landscape in Indonesia
	Faizi, Faizi; Kusuma, Airlangga Surya; Widodo, Purwanto
发表日期	2024
ISSN	2514-9369
EISSN	2514-9377
英文摘要	PurposeThis study aims to explore the potential of Islamic climate finance in Indonesia and to map Islamic climate finance based on Islamic finance instruments, both commercial and social.Design/methodology/approachThe analysis was conducted in Jakarta, Indonesia, between October 2022 and June 2023. This study adopted a qualitative interpretive approach in two phases. The first phase was desk-based research which focused on document analysis such as official documents, scientific publications, non-governmental organization publications and company reports in Indonesia. This analysis was conducted to identify significant milestones in developing green and eco-friendly finance that used Islamic financial instruments in Indonesia. The second phase consisted of interviews with essential Islamic climate finance project actors, such as green sukuk publishers, zakat and waqf collection agencies, stakeholders, capital market regulators, Shariah supervisory boards and Islamic finance experts.FindingsThe main finding of this study is that the development of Islamic green finance in Indonesia can occur through various channels, including greening Islamic capital markets, greening Islamic social finance, Islamic green finance and developing green banking services for the unbanked to support financial inclusion. Green sukuk, or Islamic bonds, are key financial instruments in Islamic green finance. They are used to fund projects in areas such as clean energy, mass transit, water conservation, forestry and low-carbon technology. These green financing initiatives also include socially responsible investments that are designed to improve the lives of people and communities.Research limitations/implicationsFirst, the availability of data on Islamic green finance practices in Indonesia may be limited, making it difficult to obtain a comprehensive understanding of the current landscape. Second, cultural and religious factors may play a role in the adoption and implementation of Islamic green finance, and these factors may vary across different regions in Indonesia.Practical implicationsThe exploration and clustering of Islamic climate finance based on Islamic financial instruments in Indonesia can lead to the development of more sustainable and environmentally friendly practices in the financial industry.Originality/valueThis study serves as a pioneering effort to explore the potential and clustering of Islamic climate finance based on Islamic financial instruments in Indonesia.
英文关键词	Islamic climate finance; Islamic finance; Climate change; Green economy
语种	英语
WOS研究方向	Business & Economics
WOS类目	Economics
WOS记录号	WOS:001169640000001
来源期刊	INTERNATIONAL JOURNAL OF ETHICS AND SYSTEMS
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/304588
推荐引用方式 GB/T 7714	Faizi, Faizi,Kusuma, Airlangga Surya,Widodo, Purwanto. Islamic green finance: mapping the climate funding landscape in Indonesia[J],2024.
APA	Faizi, Faizi,Kusuma, Airlangga Surya,&Widodo, Purwanto.(2024).Islamic green finance: mapping the climate funding landscape in Indonesia.INTERNATIONAL JOURNAL OF ETHICS AND SYSTEMS.
MLA	Faizi, Faizi,et al."Islamic green finance: mapping the climate funding landscape in Indonesia".INTERNATIONAL JOURNAL OF ETHICS AND SYSTEMS (2024).