Susenohaji Susenohaji, Fitriana Rakhma Dhanias, Rifki Muhammad Bintan, Ali Roziqin
Since its first sovereign issuance in 2018, green sukuk has become a central component of Indonesia’s sustainable finance strategy. While Indonesia has achieved global recognition as the largest sovereign green sukuk issuer, limited research evaluates whether this growth translates into structural investment transformation and measurable environmental outcomes. This chapter examines how Indonesia’s green sukuk policy framework can be strengthened to enhance corporate participation, optimize fiscal incentives, and improve inter-institutional coordination while maintaining public finance sustainability. Using a qualitative document analysis of regulatory frameworks, fiscal policies, impact reports, and sustainable finance roadmaps (2018–2025), the study identifies structural constraints including regulatory complexity, tax neutrality, fragmented institutional coordination, and limited corporate uptake. Copyright © 2026, IGI Global Scientific Publishing. Copying or distributing in print or electronic forms without written permission of IGI Global Scientific Publishing is prohibited. Use of this chapter to train generative artificial intelligence (AI) technologies is expressly prohibited. The publisher reserves all rights to license its use for generative AI training and machine learning model development.
Universitas Brawijaya, Indonesia; Universitas Muhammadiyah, Malang, Indonesia
