The Role of Government Policy in the Development of Green Sukuk in Indonesia

Peran Kebijakan Pemerintah dalam Pengembangan Green Sukuk di Indonesia

Authors

  • Jannatul Rohaini Universitas Trunojoyo Madura
  • Adinda Rifantini Universitas Trunojoyo Madura
  • Mashudi Universitas Trunojoyo Madura

Keywords:

green sukuk, government policy, sustainable development

Abstract

Green sukuk has great potential in supporting the transition to a sustainable economy by providing a source of funding for environmentally friendly projects. a financial instrument that combines the principles of Islamic finance with environmental sustainability, it has great potential in supporting Indonesia's transition to a sustainable economy. challenges such as lack of awareness and capacity of financial institutions need to be overcome to optimise the contribution of Green Sukuk. The method used in this research is a qualitative method used to examine the object under study. The results showed that the government has a major contribution in developing green sukuk in Indonesia, such as addressing challenges that hinder the optimisation of green sukuk which can be overcome through strengthening regulations, socialisation, product innovation, and international cooperation, as well as discussing sectors that can be financed by Green Sukuk, such as renewable energy, sustainable natural resource management, energy efficiency, and sustainable transportation in the hope that the Green Sukuk market can continue to grow and support the achievement of sustainable development goals in Indonesia. This can help in improving the quality of research and implementation of green sukuk in Indonesia in the future.

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Published

2025-01-20

Issue

Section

Articles

How to Cite

Rohaini, J., Adinda Rifantini, & Mashudi. (2025). The Role of Government Policy in the Development of Green Sukuk in Indonesia: Peran Kebijakan Pemerintah dalam Pengembangan Green Sukuk di Indonesia. Al-Mahkamah: Jurnal Hukum, Politik Dan Pemerintahan, 1(3), 365-382. https://journal.syamilahpublishing.com/mahkamah/article/view/380