Pakistan has rolled out its first Shariah-compliant Green Sukuk, designed specifically to fund eco-friendly initiatives. With these Islamic bonds, money will go into projects like clean transportation, green energy, and building structures that can handle climate change.
The finance ministry hailed this launch as a major step toward environmentally sustainable finance. Through an auction, investors can participate in the initial issuance, which aims to earn $71.4 million to $107.1 million.
Developed in partnership with financial institutions such as Meezan Bank, Bank Alfalah, Dubai Islamic Bank Pakistan, and Bank Islami Pakistan, the Green Sukuk supports Pakistan’s Vision 2028 goal of fostering an interest-free economy. It is expected to deepen financial markets and attract investors seeking ethical and sustainable opportunities.
This initiative underscores Pakistan’s commitment to green development, providing an economic boost while addressing vital climate issues.
