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Development of green sukuk market in Malaysia: a case study

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dc.contributor.authorMohammad Arif Bin Noralfian
dc.contributor.supervisorObiyathulla Ismath Bacha
dc.date.accessioned2024-03-18T00:54:06Z
dc.date.available2024-03-18T00:54:06Z
dc.date.issued2020
dc.description.abstractThe concern over climate change has risen substantially over the years which led to an increase in demand for production and use of carbon free, clean and renewable energy. Financing renewable energy is costly as it is considered developmental, hence Green Sukuk is an innovative initiative to fill this gap. This study attempts to give an overview of the development of green sukuk in Malaysia. This study will conduct a qualitative analysis of three Green Sukuk issued in Malaysia. Data is gathered by extracting information from the Information Memorandum of the respective green sukuk issuer and other secondary sources. The projects financed by the three green sukuk in this study are all Power Purchase Agreement (PPA) based model which are signed between Issuer and Tenaga Nasional Berhad (TNB). In Malaysian green sukuk landscape, Securities Commission Malaysia plays a central role in supporting and encouraging the issuance of green sukuk through Sustainable and Responsible Investment (SRI) Sukuk Framework introduced in 2014. The prospects of green sukuk market in Malaysia is promising in terms of feasibility of its issuance, market demand and the potential environmental impact of the projects.en_US
dc.identifier.citationNoralfian, M, A. (2020). Development of green sukuk market in Malaysia: a case study (Master dissertation). INCEIF, Kuala Lumpur. Retrieved from https://ikr.inceif.edu.my/handle/INCEIF/3977en_US
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/3977
dc.languageEnglish
dc.language.isoengen_US
dc.publisherINCEIFen_US
dc.rights2020. INCEIF
dc.sourceSGPS
dc.subjectGreen sukuk
dc.subjectMalaysia
dc.subjectProject paper (MSc)
dc.titleDevelopment of green sukuk market in Malaysia: a case studyen_US
dc.typeMasteren_US
dspace.entity.typePublication
ikr.doctypeTheses
ikr.licenseAvailable in PDF format. Kindly email to kmc@inceif.edu.my to access the item
ikr.topic.maintopicIslamic capital marketsen_US
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