The report examines the role of Islamic finance in the sustainable and climate finance markets by exploring market trends, instruments, and innovations across the Organization of Islamic Cooperation (OIC) member countries. The report draws on insights from surveys conducted with Islamic finance professionals and halal industry enterprises, as well as interviews with policymakers and private sector participants. The objective of this report is to identify opportunities and address challenges that can enhance the development of the Islamic sustainable finance market, with a focus on climate finance, which encompasses funding for climate mitigation, adaptation, and resilience building.

Chapter 1

Introduction

Chapter 2

Islamic finance and climate nexus

2.1 development of Islamic climate finance

2.2 climate-aligned development finance

Special focus: greening the halal industry

Chapter 3

Islamic climate finance in practice

3.1 sukuk

3.2 Islamic bank financing

3.3 Takaful

3.4 Wafq

3.5 Lessons learned

Special focus: Islamic climate fintech and digital Asset

Chapter 4

Key actions for Islamic climate finance development

Link to the Report’s PDF

https://documents1.worldbank.org/curated/en/099111425065521240/pdf/P179601-72d2f911-ceff-4d69-9425-91da2517bbcb.pdf