Environmental

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: sukuk,  Climate Bonds Initiative,  renewable energy,  Sharia,  IGCC,  the Clean Energy Business Council of the Middle East and North Africa and The Gulf Bond and Sukuk Association,  Aviva Investors,  California State Teachers' Retirement System,  California State Treasurers' Office,  CalSTRS,  Carbon Disclosure Project,  Ceres,  INCR,  International Finance Corporation (IFC),  Investor Group on Climate Change,  INvestor Network on Climate Risk,  KPMG,  Natural Resources Defense Council,  Standard & Poor's