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ESG 채권과 ESG 수쿠크 비교를 통한 수쿠크에 대한 재인식

New perception of Sukuk by Comparing ESG Bond and ESG Sukuk

김동환|이희열
한국이슬람학회 (Korean Association Of The Islamic Studies)|2022.10|한국이슬람학회논총 (Annals of Korean Association of the Islamic Studies)|제32권 제3호|pp. 177-204

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참고문헌

키워드

환경Social사회Sustainable DevelopmentESG 채권지속가능발전GreenESG BondESG 수쿠크ESG Sukuk
주제분류종교학

초록

Recently, in the global bond market, the issuance of ESG bonds, which are different from the existing bond investment method aimed at achieving financial returns, is increasing. ESG bonds are issued to attract investment based on a company's ESG performance or future sustainability. Green Sukuk, which has a similar concept, has been issued in the Islamic financial market, and this trend is expanding to attract funds for businesses aimed at resolving social issues. Some scholars have begun to classify such Sukuks as ESG Sukuk. In general, conventional bonds are debt instruments with fixed returns. On the other hand, the Islamic Sukuk is a certificate confirming the possession of a stake in the assets used in the business. Therefore, the holder of Sukuk becomes the owner of a certain percentage of the investment and assets. This study attempts to identify what similarities, differences, and advantages and disadvantages exist when conventional bonds and Sukuk, which are structurally different, are combined with the ESG concept. It is hoped that Korean companies wishing to raise funds for ESG-purpose projects and Korean investors wishing to invest in ESG projects will consider ESG Sukuk as another alternative in addition to conventional bonds.

Abstract

Recently, in the global bond market, the issuance of ESG bonds, which are different from the existing bond investment method aimed at achieving financial returns, is increasing. ESG bonds are issued to attract investment based on a company's ESG performance or future sustainability. Green Sukuk, which has a similar concept, has been issued in the Islamic financial market, and this trend is expanding to attract funds for businesses aimed at resolving social issues. Some scholars have begun to classify such Sukuks as ESG Sukuk. In general, conventional bonds are debt instruments with fixed returns. On the other hand, the Islamic Sukuk is a certificate confirming the possession of a stake in the assets used in the business. Therefore, the holder of Sukuk becomes the owner of a certain percentage of the investment and assets. This study attempts to identify what similarities, differences, and advantages and disadvantages exist when conventional bonds and Sukuk, which are structurally different, are combined with the ESG concept. It is hoped that Korean companies wishing to raise funds for ESG-purpose projects and Korean investors wishing to invest in ESG projects will consider ESG Sukuk as another alternative in addition to conventional bonds.

참고문헌 (52)

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관련 논문AI추천

ESG 채권 현황 및 활성화 방안에 관한 연구강윤식, 정재만경영경제연구소 · 아태비즈니스연구2020 · 제11권 제1호친환경 이슬람 금융 연구: 그린 수쿡 이해및 태양광 사례분석권영만, 김경남, 모하마드 함지 압둘 아지즈한국신·재생에너지학회 · 신재생에너지2018 · 제14권 제2호이슬람채권 수쿠크의 도입에 대한 검토이상철법과정책연구원 · 법과정책2011 · 제17권 제2호이슬람 채권의 구조박동규, 오규택, 최두열한국이슬람학회 · 한국이슬람학회논총2008 · 제18권 제1호이슬람 금융 거래에적합한 시장에 관한 연구김동환중동연구소 · 중동연구2013 · 제32권 제2호ESG채권을 통한 자금조달 현황과 관련법제 및 책임투자 검토장인봉한국경제법학회 · 경제법연구2020 · 제19권 제2호

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