AN ANALYSIS ON THE USE OF SUKUK AS A FINANCIAL INSTRUMENT FOR SUSTAINABLE GOALS: A STUDY ON GREEN SUKUK

Year 2024, Volume: 14 Issue: 1, 443 - 472, 01.07.2024

Meltem Karatepe Kaya

https://doi.org/10.54704/akdhfd.1441899

Abstract

A sustainable world is becoming an increasingly important goal, which has led to the introduction of investment instruments in banking that align with this purpose in recent years. One important interest-free investment instrument that has surfaced in the financial industry to support green projects is green sukuk. The world’s first green sukuk was issued by Malaysia-based renewable energy company Tadau Energy in 2017, making green sukuk an interest-free investment option. This article looks at the role of interest-free financial products like green sukuk in aiding national efforts to attain sustainability goals. The essay first examines sukuk’s place in Turkish banking and securities laws. Then, comprehensive details regarding green sukuk are given, analyzing how green sukuk-the favored option for investing in environmentally friendly projects-can be used to finance environmentally friendly projects and function according to the sustainability principle. In this context, issues related to green sukuk issuance are also discussed. In conclusion, the significance and possibilities of green sukuk for both local and international markets are highlighted to add analyses to the literature thatm irror the expanding interest in sustainable investments.

Keywords

Green Sukuk, Sustainability, Islamic Finance, Banking, Bond

BİR KIYMETLİ EVRAK TÜRÜ OLARAK SUKUKUN SÜRDÜRÜLEBİLİR HEDEFLER İÇİN KULLANILMASI: YEŞİL SUKUK ÜZERİNE BİR ANALİZ

Abstract

Son yıllarda sürdürülebilir bir dünya hedefinin önem kazanmasıyla birlikte bankacılıkta da bu hedefe uygun yatırım araçları ortaya çıkmıştır. Yeşil sukuk bankacılık alanında ortaya çıkan ve yeşil projelere katkı sağlamayı amaçlayan önemli faizsiz yatırım araçlarından biridir. 2017 yılında Malezya merkezli bir yenilenebilir enerji şirketi olan Tadau Energy’nin dünyanın ilk yeşil sukukunu ihraç etmesiyle birlikte faizsiz bir yatırım aracı olan yeşil sukuk piyasalarda yerini almıştır. Bu makalede, yeşil sukuk gibi faizsiz finansal araçların ülkelerin sürdürülebilirlik hedeflerine ulaşmasında nasıl bir rol oynadığı ve bu çabaları nasıl desteklediği incelenmektedir. Makalede öncelikle sukukun Türk kıymetli evrak hukukundaki ve bankacılıktaki yeri incelenmektedir. Devamında yeşil sukuka ilişkin detaylı bilgi verilerek yeşil projelere yatırım yapmak için tercih edilen yeşil sukukun çevre dostu projelerin finansmanında nasıl kullanılabileceği ve sürdürülebilirlik ilkesiyle uyumlu olarak nasıl faaliyet gösterebileceği değerlendirilmektedir. Bu kapsamda yeşil sukuk ihracına ilişkin karşılaşılan zorluklar da çalışmada ele alınmaktadır. Son olarak, yeşil sukukun ülkemiz ve dünya piyasaları için önemi ve potansiyeli üzerinde durulmakta ve sürdürülebilir yatırımlara olan ilginin artmasıyla birlikte yapılan analizlerin literatüre katkı sağlaması amaçlanmaktadır.

Keywords

Yeşil sukuk, Sürdürülebilirlik, İslami Finans, Bankacılık, tahvil

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