Indonesia Attracts US$6.9 Billion in Green Sukuk Investment

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Adi Ahdiat 21/03/2024 15:28 WIB

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According to the Ministry of Finance's report, between 2018 and 2022, the Indonesian government raised US$6.9 billion, or approximately Rp108 trillion, in green sukuk financing for environmentally fri

Accumulated Value of Indonesian Green Sukuk Issuance (2018-2022)

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Indonesia Attracts US$6.9 Billion in Green Sukuk Investment

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Accumulated Value of Indonesian Green Sukuk Issuance (2018-2022)

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Green sukuk, or green bonds, are Sharia-compliant government securities or bonds.

Unlike conventional bonds, funds raised through green sukuk are exclusively used to finance environmentally friendly projects, such as public transportation development, renewable energy, waste management, and others.

According to the *Green Sukuk Allocation and Impact Report* from the Ministry of Finance (2023), Indonesia is the first country in the world to issue this type of investment instrument.

Between 2018 and 2022, the Indonesian government raised a total of US$6.9 billion in investments from green sukuk.

Converted to Indonesian Rupiah, the total value is approximately Rp108 trillion (assuming an exchange rate of Rp15,658 per US$).

These funds originated from three types of green sukuk: Global Green Sukuk (US$5 billion), Retail Green Sukuk (US$1.5 billion), and Project-Based Green Sukuk (US$450 million).

Global Green Sukuk are green sukuk issued for international investors.

Retail Green Sukuk are issued for individual Indonesian citizens.

Project-Based Green Sukuk are issued for both individual and institutional investors, specifically to finance particular projects.

"These sukuk will help Indonesia reduce greenhouse gas emissions, build a more sustainable economy, and create a better future, not only for the Indonesian people but also for the world," said Minister of Finance Sri Mulyani in the *Green Sukuk Allocation and Impact Report* (2023).

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."