Green Sukuk Working Group
In March 2012, the Green Sukuk Working Group was launched to promote the issuance of Sukuk for renewable energy projects. The working group has been set up by the Gulf Bond and Sukuk Association, the Clean Energy Business Council, and the Climate Bonds Initiative.
The group aims to channel market expertise to develop best practices and promote the issuance of sukuk for the financing of climate change investments projects, such as renewable energy projects. This initiative is the first of its kind taken to finance the renewable energy projects in the MENA region.