Responsible finance ṣukūk provide market participants with a capital markets instrument through which they can fulfil the dictates of Islamic law while also participating in green, social or sustainable economic activity. However, as centres for Islamic finance (such as Malaysia and Indonesia) become prominent markets for responsible finance ṣukūk, issuances of these instruments have been noticeably slower to develop in the United Arab Emirates (UAE). This has not been due to a lack of public enthusiasm for a sustainable economy from UAE authorities. However, the plethora of government sustainability initiatives, statements and targets has resulted in somewhat of a patchwork of policies, not all of which are publicly available or centrally curated. This article will aim to map the UAE’s sustainability agenda and consider where responsible finance ṣukūk fit within this agenda. Against this backdrop, it will analyse the contractual structure of the UAE’s first issuance of responsible finance ṣukūk.

负责任的金融ṣukūk为市场参与者提供了一种资本市场工具，使他们能够履行伊斯兰法律的要求，同时也参与绿色，社会或可持续的经济活动。但是，随着伊斯兰金融中心（例如马来西亚和印度尼西亚）成为负责任金融的重要市场ṣukūk，这些工具的发行在阿拉伯联合酋长国（UAE）的发展明显较慢。这并不是由于阿联酋当局缺乏公众对可持续经济的热情。但是，过多的政府可持续性举措，声明和目标导致了一些拼凑而成的政策，但并非所有这些政策都是公开可用的或由中央策划的。本文旨在描绘阿联酋的可持续发展议程，并考虑负责任的财务ṣukūk在该议程中的适合位置。在此背景下，它将分析阿联酋首次发行负责任的财务ṣukūk的合同结构。