About Leonardo Jacopo Maria Mazzucco

I am Leonardo Jacopo Maria Mazzucco, a research intern at Gulf State Analytics (GSA) - a Washington-based consultancy firm and a research trainee at the Research Center of International Politics (CeSPI) based in Rome. Besides, I am a student of the Master in Middle Eastern Studies at the Catholic University of the Sacred Heart in Milan, Italy. My research interests are focused on the Gulf region, and they deal especially with economic diversification policies, labour migration, socio-economic development, and energetic transition.

Green Sukuk: A Shariah-Compliant Green Financing Instrument

Is it possible to sustain eco-friendly projects without incurring the violation of shari’ah principles of Islamic finance? The answer is positive, and the sustainable instrument which allows to do it is the green sukuk. Sukuk is the plural form of the Arabic word “sakk”. Since the Umayyad period, the sakk represented a payment tool to remunerate state-salaried officials as military forces and government bureaucrats. It functioned as a trustee certificate that entitled the holders to redeem a specific and determined-in-advance number of commodities from the state treasury at a precise time.[1] In its contemporary meaning, according to the Accounting and … Continue reading