Keywords: Green sukuk
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Journal Articles
International Journal of Islamic and Middle Eastern Finance and Management (2026) 19 (5): 1385–1401.
Published: 19 March 2026
...Ashraf Khan; Indri Supriani; Umaira Danish Dervi Purpose This study aims to investigate how climate policy uncertainty ( CPU ) is connected with green sukuk and equity markets in Southeast Asia. It assesses whether CPU acts as a meaningful transmitter of shocks to green sukuk and equity returns...
Journal Articles
International Journal of Islamic and Middle Eastern Finance and Management (2025) 18 (6): 1353–1373.
Published: 07 May 2025
...Eunkyoung Lee; Jee Young Kim; Yoon Lee Purpose The purpose of this study is to examine whether green sukuk and green bonds exhibit distinct performance in the market, assessing whether they function as separate financial assets. Additionally, it analyses their market dynamics to determine...
Journal Articles
International Journal of Islamic and Middle Eastern Finance and Management (2024) 17 (3): 423–440.
Published: 06 May 2024
...Burak Pirgaip; Ozgur Arslan-Ayaydin Purpose This study aims to fill a gap in the literature by providing evidence for a “greenium” in the primary Sukuk market. The term “greenium” is defined in the study as the lower cost of capital or reduced yields that green Sukuk may offer compared to non...

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