Rooted in definition and action in principles of ethical investing, Islamic finance serves as a prime opportunity to attract investments to the Middle East and North Africa region.
Globally, there is a growing demand for financial products that align with environmental, social, and governance (ESG) principles, to finance environmentally sustainable and socially responsible initiatives.
Boosting the role of Shariah-compliant financial solutions is an important part of the region’s future financial plans as focuses on building its status as a hub for ESG investments.
But before the region can do so, it needs to lay the groundwork in three areas:
- Tangible assets that align with Islamic finance principles
- Regulatory reforms to define areas of investment
- Digitally-enabled financial solutions
On 30 June, MEED and Mashreq will jointly host an exclusive live-streamed discussion to examine the current state of Islamic finance in the region.
Led by a panel of industry experts, the event will further discuss how the sector can be positioned to drive sustainable and ethical investment practices, supporting the wider vision of the region’s governments. It will also analyse the role of regional regulators in implementing common Shariah-compliant standards.
- Mohamed Damak, Senior Director - Global Head of Islamic Finance MEA, S&P Global Ratings
- Umer Suleman, Global Head of Risk, Wahed
- Rafiuddin Shikoh, Managing Director, DinarStandard
- Ibrahim al-Mheiri, Executive Vice President, Head of Islamic Banking, Mashreq Bank
- Ed James, Content & Analysis Editor, MEED Projects
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