A ‘greener’ Sukuk?

Islamic finnance has only just begun to articulate the goals and activities that it seeks to positively enforce, having primarily emphasized certain prohibitions to date. The effort to couple Sukuk with environmental concerns stands as one such recent positive initiative. SAMIR SAFAR-ALY and UMAR MOGHUL and explore the development of eco-friendly bonds, the market potential of coupling climate concepts with Sukuk and the parallel between Islamic principles and environmental consciousness.

Samir Safar-Aly is a qualifi ed solicitor in England and Wales and focused on Islamic, fi nance and energy law during his LL.M. at the University of California, Berkeley. Umar Moghul is a US qualifi ed corporate and fi nance lawyer with a focus on Islamic markets and a lecturer of law at the University of Connecticut School of Law. They can be contacted at samirsafar@gmail. com and This email address is being protected from spambots. You need JavaScript enabled to view it. respectively.


This article first appeared in the 7 November 2014 edition of REDmoney Group’s Islamic Finance News.

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