Green Sukuk dan Pembiayaan Berkelanjutan: Analisis Empiris terhadap Efektivitas Instrumen Keuangan Islam dalam Mendukung Transisi Energi Bersih
Keywords:
Green Sukuk, Keuangan Islam, Energi Bersih, Pembiayaan Berkelanjutan, Maqashid SyariahAbstract
Green sukuk merupakan instrumen keuangan syariah inovatif yang dirancang untuk membiayai proyek-proyek ramah lingkungan sekaligus mematuhi prinsip-prinsip syariah. Artikel ini bertujuan untuk mengevaluasi efektivitas green sukuk sebagai instrumen pembiayaan berkelanjutan dalam mendukung transisi energi bersih, terutama di negara-negara berkembang dengan populasi Muslim besar. Penelitian ini menggunakan pendekatan Penelitian ini menggunakan pendekatan literature review berbasis bibliometrik untuk mengkaji efektivitas green sukuk dalam mendukung transisi energi bersih di negara berkembang. Analisis dilakukan secara kuantitatif terhadap tren penerbitan dan dampak emisi karbon, serta secara kualitatif terhadap kesesuaian prinsip syariah dan integrasi dengan kerangka ESG. Hasil penelitian menunjukkan bahwa green sukuk memiliki kinerja positif dalam membiayai proyek-proyek lingkungan, meningkatkan transparansi, serta memperkuat dimensi etika dan spiritual dalam keuangan Islam. Namun, tantangan tetap ada, seperti ketidakseragaman standar syariah, keterbatasan pelaporan dampak, dan kurangnya kapasitas teknis. Artikel ini merekomendasikan harmonisasi regulasi, integrasi maqashid syariah dengan ESG, serta peningkatan literasi pasar dan kapasitas SDM untuk memperkuat ekosistem green sukuk yang inklusif dan berkelanjutan.
References
Aldridge, I., & Martin, P. (2022). ESG In Corporate Filings: An AI Perspective. ArXiv Preprint ArXiv:2212.00018.
Alhamis, I. (2025). The Resurgence of Trumponomics: Implications for the Future of ESG Investments in a Changing Political Landscape. ArXiv Preprint ArXiv:2502.02627.
Alhowaish, A. K. (2025). Green municipal bonds and sustainable urbanism in Saudi Arabia. Sustainability.
Arwani, A., Oktaviani, N., & ... (2024). Membangun Ekonomi Berbasis Akhlaq dan Syariah: Tantangan dan Peluang. … Dan Ekonomi Syariah. https://ojs.staisdharma.ac.id/index.php/tjmes/article/view/249
Baldacci, B., Possamaï, D., & Rosenbaum, M. (2021). Optimal make-take fees in a multi market-maker environment. SIAM Journal on Financial Mathematics, 12(1), 446–486.
Bruton, G. D., Khavul, S., & Chavez, H. (2011). Microlending in emerging economies: Building a new line of inquiry from the ground up. Journal of International Business Studies, 42, 718–739.
Dhara, C., & Singh, V. (2021). The elephant in the room: Why transformative education must address the problem of endless exponential economic growth. ArXiv Preprint ArXiv:2101.07467.
Diebold, F. X. (2022). On the Financing of Climate Change Adaptation in Developing Countries. ArXiv Preprint ArXiv:2210.11525.
Duasa, J., & Munir, M. (2025). Green waqf and sustainable development. In Islamic Finance and Sustainability: A Research Companion.
Escobar-Anel, M., & Jiao, Y. (2023). Unraveling the Trade-off between Sustainability and Returns: A Multivariate Utility Analysis. ArXiv Preprint ArXiv:2307.12161.
Ferrer, R., Benítez, R., & Bolós, V. J. (2021). Interdependence between green financial instruments and major conventional assets: A wavelet-based network analysis. Mathematics, 9(8), 900.
Finance, S. (2025). Blockchain and cryptocurrency ecosystem in Islamic finance. In Islamic Finance and Sustainability: A Research Companion.
Kato, T. (2022). Islamic and capitalist economies: Comparison using econophysics models of wealth exchange and redistribution. PLoS One, 17(9), e0275113.
Khan, N., & Ahmad, T. (2022). DCarbonX decentralised application: carbon market case study. ArXiv Preprint ArXiv:2203.09508.
Kismawadi, E. R., Irfan, M., & Shaikh, Z. H. (2025). Sustainability assurance in Islamic finance: Implications for stakeholders. In Navigating Trust in Sustainability Reporting.
Larosa, F., Mallor, F., Hoyas, S., Conejero, A. J., Garcia-Martinez, J., Nerini, F. F., & Vinuesa, R. (2025). Critical misalignments in climate pledges reveal imbalanced sustainable development pathways. ArXiv Preprint ArXiv:2503.17373.
Mohamed, A., & Akande, A. E. (2025). Waqf-led buildings and green infrastructure role in urban resilience. Management & Sustainability: An Arab Perspective. https://doi.org/10.1108/msar-09-2024-0152
Pitchay, A. A., Saad, L. F. M., & Ganesan, Y. (2025). Factors influencing purchasing of green Islamic bonds among Malaysian retail investors. In Islamic Finance and Sustainability. https://doi.org/10.4324/9781003518617-7
Shafitri, N. A., Ganta, R. P., & Malik, A. (2025). Mengenal Ruang Lingkup Perbankan Syariah, Solusi Keuangan Berbasis Nilai Islam. … Manajemen Bisnis Syariah. https://journal.staittd.ac.id/index.php/ai/article/view/371
Sivanandan, P., & Ahmad, R. (2025). Ethical investment in Islamic finance: The role of ESG screening. In Islamic Finance and Corporate Governance. https://doi.org/10.1108/978-1-83662-346-520251006
Solihin, D., Idris, H., Farah, R., & Huda, N. (2025). The role of Islamic law in shaping sustainable economic policy. Sharia Oikonomia Law Review.
Swarnakar, P., & Modi, A. (2021). NLP for climate policy: Creating a knowledge platform for holistic and effective climate action. ArXiv Preprint ArXiv:2105.05621.
Webster, A. J. (2018). A global consumer-led strategy to tackle climate change. ArXiv Preprint ArXiv:1807.03364.
Zahara, A. E., Haro, A., Haryanti, T., Apriyanto, A., Judijanto, L., & ... (2025). Manajemen Pemasaran Syariah. books.google.com. https://books.google.com/books?hl=en&lr=&id=_jE_EQAAQBAJ&oi=fnd&pg=PA70&dq=islamic+fintech+keuangan+syariah+digital+maqashid+syariah+kepatuhan+syariah+blockchain+halal+inklusi+keuangan+zakat+digital&ots=8VOF3NyzLP&sig=5Z4YDnFlyFzR1QzG3gg9PmR1YZs