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Abstract
This paper aims to reveal the efforts of the Indonesian government and private in the issuance of sukuk, its implementation, and its impacts in developing green infrastructures in Indonesia. A qualitative approach was applied with two stages, literature review and interview. Literature study is used by collecting, reading, characterizing, and classifying theories, and citing them as theoretical basis and empirical justification. Research reports published in various international journals are stored in the thematic folders of the Mendeley Library to make it easier for researchers to quote them for theoretical justification. The research also used secondary data from the official report of the Ministry of Finance of Indonesia. The finding reveals that the issuance of sukuk is carried out by the government to be an alternative covering the limitations of the state budget (APBN). Second, the issuance of sukuk has been designed to have a clear basic foundation that does not contradict positive and shariah law. As an Islamic investment tool, sukuk used contracts Ijarah, Murabahah, Istishna', Musyarakah, Mudharabah, Wakalah, and others. Third, the issuance of sukuk has received a positive response in the domestic and global markets so it contributes widely to various sectors of sustainable development in Indonesia.
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