التراث
Volume 16, Numéro 1, Pages 11-21
2026-05-15

The Developmental Role Of Green Sukuk: Between Legal Dimensions And Economic Impact In Financing Startups

الكاتب : براهيمي فاطمة الزهراء أنوار .

الملخص

Climate change and environmental instability have emerged as transboundary existential challenges, necessitating a paradigm shift in global legal and financial frameworks. Within this context, Islamic Green Finance—specifically "Green Sukuk"—has emerged as an innovative legal and financial mechanism that balances profit incentives with sustainability requirements. This study examines the developmental role of Green Sukuk through an integrated legal and economic lens, specifically focusing on its potential within the Algerian startup ecosystem. The research addresses a fundamental problem: the extent to which Sharia-compliant Green Sukuk can bridge the financing gap for Algerian startups while navigating modern legislative shifts, such as the 2025 Finance Act and the "Scale-up" label framework. Methodologically, the study is divided into two primary sections : the first deconstructs the legal and Sharia foundations of Sukuk, including international standards like the ICMA Green Bond Principles. The second section analyzes the economic impact and practical implementation of Sukuk models—such as Istisina and Ijarah—as risk-sharing tools tailored for innovative, knowledge-based enterprises. The study aims to provide a theoretical and practical roadmap for integrating sustainable finance into national economic diversification strategies.

الكلمات المفتاحية

Green Sukuk ; Innovative Startups ; Sustainable Development