ESG and Islamic finance

ESG stands for Environmental, Social, and Governance. Investors are increasingly applying these non-financial factors as part of their analysis process to identify material risks and growth opportunities (CFA).

ESG is taking on an even greater significance in light of recent events: companies have the responsibility and resources to accomplish positive climate action, building a more sustainable, resilient future and “putting money where their mouth is” (plans.earth).

Islamic finance is one of the highly social responsible investment in finance sector. Islamic finance by nature is very much complementary due its restricted investment criteria.

Islamic capital markets and Islamic finance practitioners should develop new policies and procedures for Islamic finance institutions to achieve ESG goals.

Qatar-issued green bonds, sukuk and ESG funds to be launched soon’

Qatar green bonds, sukuk and ESG (environment, social and governance) funds are soon expected to be in place as the country is “primed” to take advantage of the trend of carbon target, according to a senior official of the Qatar Financial Centre (QFC)

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https://m.gulf-times.com/story/699270/Qatar-issued-green-bonds-sukuk-and-ESG-funds-to-be