How Hong Kong Could Contribute to the Green South-South Development: Opportunities, Barriers, and Recommendations

Year Published

2025

Contributing Organizations

Civic Exchange

Type of Resource

Research/Insights Report

Languages

English

Relevant Topics

Core Topic

Islamic Finance

Topic 2

Energy Generation

Target Audience

Governments & Policymakers

Real Economy Corporates

Project Developers

MDBs/DFIs

Banks

Relevant Geography

Asia & the Pacific

Central Asia

Middle East and North Africa

Resource Description

This report examines opportunities for Hong Kong to capitalize on Global South energy transition investment by removing barriers and enabling Islamic finance. Policy and market infrastructure focus on supporting Shariah compliant climate investment.

Why This Matters

This resource highlights how Hong Kong could play a stronger role in channelling capital towards climate and energy transition activities in Islamic markets across Asia.

Key Insights

Identifies Islamic finance as a mechanism to mobilize capital for energy transition investments
Describes the option for conventional banks to establish Islamic windows that offer a limited range of Shariah compliant products, including Islamic deposits, Murabaha trade finance, and Ijarah leasing
Explores the development of a Shariah compliant interbank market using structures such as commodity Murabaha and Ijarah based repurchase agreements, potentially in collaboration with regional partners

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