Year: 2024
Type: book-chapter
Abstract: There is growing level of interest in the role that green financing (GF) plays in achieving the UN Sustainable Development Goals (SDGs) of countries. In the same context, this chapter contributes to the existing literature by providing empirical evidence on the impact of Islamic green financing (IGF), as measured by Green Sukuk development, on the SDGs index. To achieve this objective, the study uses annual data from two leading countries in the issuance of sukuk namely, Malaysia and Indonesia, over the period 2017–2022. The findings indicate a positive and significant impact of Green Sukuk issuance on the SDGs index. These findings are consistent even when performing several robustness tests. The practical implications of these findings for the countries' policymakers are due to the importance of IGF as an important tool for achieving the SDGs. However, it is suggested that future studies extend the analysis by examining the issue in the context of more countries.
Source: Routledge eBooks
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W4400944704