The UN is considering issuing a green Sukuk facility to help raise funds for refugees and internally displaced individuals who have had to migrate due to the adverse impacts of climate change.

Khaled Khalifa, a senior advisor and representative to the GCC at the United Nations High Commissioner for Refugees (UNHCR), told Al-Monitor on the sidelines of IFN UK Forum held on the 4th September 2023 that the UNHCR is interested in using its third Islamic finance tool, which is Sukuk, to help those displaced by severe climate conditions. He added that the UNHCR is hoping to make a decision on the Sukuk within 2024.