Indonesia is one of the 17 megadiverse countries in the world, with exceptionally rich fauna and flora. However, illegal wildlife trade has risen in the Maluku province, threatening endemic species. While this situation demonstrates the need to strengthen species conservation efforts, mobilizing funds for such activities is a challenge.
The Ministry of Environment and Forestry of Indonesia, with support from the Biodiversity Finance Initiative (BIOFIN) of the United Nations Development Programme (UNDP), accessed USD 2.7 million in green sukuk funds for the construction of the Maluku Conservation Center, dedicated to wildlife rescue, rehabilitation, and release into natural habitats. Green sukuks are sovereign bond-like Islamic finance instruments, and their application to biodiversity-related projects was previously limited.
In 2023-2024, 955 birds, 323 reptiles, and 319 other animals were treated and rehabilitated in the Maluku Conservation Center, contributing to the conservation of species and ecosystems.