Green Sukuk, Energy Poverty, and Climate Change: A Roadmap for Sub-Saharan Africa

The climate change challenge and the growth of the Islamic finance industry, together with the increase in socially responsible investing, could position green sukuk as a key instrument for financing clean energy and resilient infrastructure projects as well as shorter-term energy efficiency projects. Expansion of a green sukuk market could promote environment-friendly projects and improve livelihoods, helping Islamic finance achieve its moral objectives. A road-map shows how policy makers could create a green sukuk market in Sub-Saharan Africa.