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.

Guidelines for Islamic financing of Infrastructure project

The Islamic Development Bank Institute (IsDBI) and the World Bank have launched a report highlighting the most important aspects of Islamic finance that relate to infrastructure public-private partnerships.

Entitled “Reference Guide: Islamic Finance for Infrastructure PPP Projects,” the report was launched during the 15th IsDB Global Forum on Islamic Finance held virtually on 28 August 2021, on the side lines of the 2021 IsDB Group Annual Meeting.

It covers the role Islamic finance can play in the infrastructure financing challenge, the major players in the global Islamic finance industry, the potential alternatives offered by Islamic finance to meet the public infrastructure financing gap, and the Islamic finance structures for infrastructure PPP projects.Read more

FinTech Islamic Finance Challenge

What is the FinTech Islamic Finance Challenge?

FinTech Islamic Finance Challenge is an opportunity to transform your technology-based idea into a social impact finance project. We are here to listen to creative and innovative minds looking for solutions to improve the access to Islamic financial services through technology and to those who are determined to contribute to a socially responsible development according to the Islamic finance principles.

Further detail

Weekly Islamic Finance Industry Updates

London residential funds that are sharia compliant are likely to become more prolific, according to a local asset manager whose firm has just released the second of its property funds under this structure.
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What Does Islamic Finance Say About the Environment?

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Islamic banking growing at fast pace read more

Japanese bank group to fully launch Islamic finance in Malaysia – See more

Weekly Industry Updates

Islamic finance poised to develop in North Africa read morere

South Africa Introduces Islamic Bonds read more

Scotland ‘on the cusp’ of establishing world’s first ethical finance hub read more

Asian retail sukuk look to broaden appeal of Islamic finance read more

Pakistan c.bank unveils 5-year plan to boost Islamic finance read more

The concept of ‘no risk, no gain’ in Islamic finance read more

Book on Islamic legal maxims a must have for industry players read more

Another milestone for Malaysia — 1st ever sukuk to be issued by an export-import bank read more

Weekly Industry Update

Islamic financing to boost green initiatives through 2015 : Read more

Islamic Banking and Finance Society launched at Oxford University : Read more

Egypt Islamic banking assets to hit USD18bn in 2014 : Read more

Gulf ties could aid Islamic finance in Italy, supporters hope : Read more

Govt introduces new social housing, Islamic loan scheme – Maldives : Read more

Sharia finance popular among non-Muslims read more

Weekly Industry Update

Kuwait’s central bank governor has called for an independent legal entity to oversee Islamic financial institutions
read more

UK extends mortgage aid scheme to Islamic finance read more

Islamic banking gaining momentum across the world: SBP deputy chairman read more

Islamic economy solution to all financial crisis: IIUI president read more

Malaysia on top of talent pile, closest Islamic finance competitor is UAE : Read more

Islamic Finance Isn’t Just About Religion — Sometimes It’s Just Good Business read more