Analysis of the Role of Green Sukuk in Supporting the National Energy Transition: An Islamic Economic Perspective

Abstrak

Sukuk occupies a strategic position as a Sharia-compliant financial instrument that supports national development. The dynamics of modern times have encouraged sukuk to evolve into a more innovative instrument, paving the way for the emergence of green sukuk as a form of sustainable financing. This study focuses on the role of green sukuk in supporting the national energy transition from the perspective of Islamic economics. It aims to analyze the contribution of green sukuk to renewable energy projects, evaluate its alignment with Sharia principles, and identify implementation challenges as well as opportunities for further development. A qualitative approach using a literature review method was chosen for data collection. All information is derived from secondary data obtained through various scholarly sources, including academic journals and other relevant literature. This method is appropriate because the research is conceptual in nature and does not require direct field data. The findings indicate that green sukuk plays a significant role in financing environmentally friendly projects, particularly those related to renewable energy, while also offering economic, social, and ecological benefits that align with Sharia principles. However, its implementation still faces several obstacles, such as low public literacy, limited institutional capacity in assessing environmental risks, and a wide climate financing gap. Despite these challenges, green sukuk holds considerable potential to become a key instrument in advancing sustainable development in Indonesia.