Development and evaluation of Islamic green financing: A systematic review of green sukuk

The threat of the global climate crisis demands improvement and adjustment from various sides, including financial sector. Islamic finance responds to environmental responsibility by presenting environmentally friendly financing products in green sukuk. This study aims show development trend number publications sukuk systematize results studies that explain evaluation emergence investments. analyzed 15 on during 2016-2022 years indexed Scopus database. As for methodology, descriptive analysis was used data quantitatively; synthesis describe based four directions (the models (10 sources), opportunities (12 challenges evaluations sources). Preferred Reporting Items Systematic Review Meta-Analyses standard were choose samples this investigation. challenge is dealing with market after pandemic. Several findings regarding managing commitment government investors renewable energy sector efforts provide low-cost risk minimization are found. Green efficient management be more viable, competitive, attractive if operational area supports it. projects face expanding funding, financing, energy, validating greenhouse gas emissions. stock reaction requires coordination amongst economic subsectors.