Empowering Green Sukuk Through IoE Towards SDGs Attainment: A Paradigm Shift

The 17 SDGs introduced by the United Nations to achieve a more sustainable and equitable future saw a setback when it was reported that COVID-19 epidemic had reversed 25 years of poverty reduction. Geopolitical crises worldwide plus escalating prices resulting from extreme climate change, have placed 95 million people in extreme poverty (UNStats). Ultimately, extreme climate change, global health crisis, warfare, poverty, and inequality are unprecedented global issues that remain unresolved. Green Sukuk, Islamic bonds used to finance environmentally friendly initiatives, is rapidly expanding and has the potential to generate billions of funds. However, countries that adopt and use Green Sukuk must have a legal, regulatory, social, and technological environment that is supportive and conducive. With technical advances, raising finance can be cheaper, and Shariah laws will benefit society. The Internet of Everything would be a perfect partner since it unites persons, things, information, and processes into a connected framework and enables intelligent decision-making. This study reviews current literature to evaluate if Green Sukuk empowered by IoE can achieve SDGS and provide a new paradigm. Analysis from study points that mobilising private resources and using new technology can accelerate SDG attainment and make the future more sustainable and equitable.