The role of green Islamic finance in sustainable development: The Malaysian experience

Today, the world suffers from pollution and climate problems, so social and financial institutions are fighting together against these problems. Aiming to ensure justice and social order, Islamic finance is always looking for the best solutions to deal with climate issues. In aim of this study is to examine the role of green Islamic sukuk in financing green projects and ensuring sustainable development using the Malaysian experience as a model. This study is entirely based on analyzes of the impact of green sukuk on the Malaysian market. Finally, the study conclude that the Islamic economics and finance have a positive economic, social and environmental impacts.