Working group to develop Sharia-compliant green securities

The Climate Bonds Initiative, the Clean Energy Business Council of the Middle East and North Africa and The Gulf Bond and Sukuk Association have formed a working group to develop best practices and promote the issuance of "green" sukuks, Sharia-compliant investment securities.

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Read more: sukukClimate Bonds Initiativerenewable energyShariaIGCCthe Clean Energy Business Council of the Middle East and North Africa and The Gulf Bond and Sukuk AssociationAviva InvestorsCalifornia State Teachers' Retirement SystemCalifornia State Treasurers' OfficeCalSTRSCarbon Disclosure ProjectCeresINCRInternational Finance Corporation (IFC)Investor Group on Climate ChangeINvestor Network on Climate RiskKPMGNatural Resources Defense CouncilStandard & Poor's