Indonesia’s Ministry of Finance Plans Domestic Retail Green Sukuk Issuance in 4Q 2021

Indonesia’s Ministry of Finance (MoF) has announced plans to issue retail green Sukuk in the domestic market in the fourth quarter of 2021 (4Q 2021), according to local media reports. This follows a favourable response from global market investors for the Government of Indonesia’s Global Green Sukuk issuance in June 2021.

Why it Matters?

According to Luky Alfirman, Director General of Budget Financing and Risk Management at the MoF, green Sukuk are a combination of investment instruments that promote green-based projects and Shariah-based financing instruments, and are in accordance with the Government of Indonesia’s commitment to support environmentally friendly-based sustainable development. Furthermore, new investors in green-ba...