Launch Partners

Tuesday, January 31, 2023

Launch Partners

The Islamic sustainable finance and investment sector is picking up speed. Notable progress unfolded in 2022 which bodes well for the industry. With specially curated exclusive content by market leaders in Shariah sustainable finance, the ISFI Annual Report canvasses the most significant developments of the year to provide nuanced insights and analyses.

REPORT'S CONTENT

EDITOR'S NOTE: Translating words into actions

NATO can be frustrating. And no, I’m not referring to the North Atlantic Treaty Organization; I’m talking about the acronym NATO used in some vernacular – ‘No Action, Talk Only’. As with any cynical journalist, it is not uncommon (in fact, it is expected of us) to view announcements as mere lip service and to take any commitments made...

COVER STORY: Islamic sustainable finance in 2022: Walking the talk

For the best part of the last decade, Islamic sustainable finance, which mainly took the form of green Sukuk, was the talking point of the industry. But that was all it was – talk. Despite loud aspirations, Islamic ESG activities remained largely muted. But there have been signs in 2022 which perhaps indicated that we are at the cusp of a real, meaningful shift. The question is: have we turned the corner?

ISFI MARKET SURVEY RESULTS: Islamic Sustainable Finance and Investment Survey 2022 results

From August to October 2022, ISFI surveyed over 100 Islamic finance industry practitioners to understand how their respective organizations are adopting Islamic sustainable finance and investment. MARLENA KAREEM analyzes the results.

LEGAL SURVEY REPORT: Lack of standardization curbing Islamic sustainable finance growth in Malaysia and Indonesia, says legal community

In August 2022, ISFI interviewed leading Islamic finance lawyers in Malaysia and Indonesia to gauge the state of Islamic sustainable finance in the region. LOUIS EDMONDES reports.

The dynamics, challenges and potential for Islamic green finance and Sukuk

Oussama Kaissi, CEO of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), writes that the shift toward increasing investment and financing to support a sustainable and inclusive development agenda...

AAOIFI keeps pace with sustainable financing developments

The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) is the leading international standard-setting body primarily responsible for the development and issuance of standards for the global Islamic finance...

Sustainability and Islamic finance: Addressing regulatory and supervisory gaps

Transitioning to sustainable development economies and mitigating climate change are major issues that are currently at the forefront of the global consciousness. DR BELLO LAWAL DANBATTA, the secretary-general...

Islamic sustainable finance has an opportunity to focus on the ‘real economy’ dimension of climate-related financial risks

With climate talks and the G20 both being hosted in Islamic markets this year, Islamic sustainable finance has a unique opportunity to extend the connection...

Advancing climate finance in Malaysia: 2022 in review

In September 2022, Malaysia’s National Energy Policy 2022–2040 was launched reflecting the role of energy as a significant contributor to enable other key economic sectors to thrive. Embedded within this policy is the country’s Low...

Weighing up the conundrums of war and geopolitics through an ethical investment lens

With the world already undergoing critical changes off the back of the COVID-19 pandemic, Russia’s invasion of Ukraine and the subsequent war in the country have set off a chain of events as many countries jostle for position in a power...

Fintechs in an ESG-focused world

DDCAP Group (DDCAP), an industry-leading market intermediary and financial system solutions provider, connects the global Islamic marketplace responsibly via its proprietary system, ETHOS Asset Facilitation Platform...

Investors bet on alternatives and impact-focused opportunities as the world moves to sustainability and energy freedom

Investors bet on alternatives and impact-focused opportunities as the world moves to sustainability and energy freedom

The Prestige Premium Alziraea Fund: Shariah compliant project finance in green energy

Prestige Funds is a specialist direct lending fund manager which leverages the expertise of our lending partners in the UK. For over 15 years now we have provided investors with a means to access the dynamic economics of the...

A new approach to ASEAN ESG investing

With the advent of the COVID-19 pandemic, ESG investing has taken a front seat in investors’ minds. Similarly, Islamic investors, seeing the benefits and similarities of ESG with Islamic investing, have embarked on a journey to...

Labuan IBFC – Asia’s premier international financial hub

Islamic banking is one of the fastest-growing segments in the world financial system due to large investments in the Halal, infrastructure and Sukuk sectors. Globally, Islamic finance is forecast to be worth more than US$3 trillion by...

HSBC Amanah: Embedding sustainability

The global move to incorporate ESG characteristics and principles into the decisions made by businesses represents a necessary and significant change for the long-term sustainability of our world. At HSBC, we are committed to...

Cagamas doubles down on sustainability agenda; working on framework to scale up green housing

Malaysia’s second-largest issuer of corporate debt, Cagamas, intends to devise a framework to serve as guidance for property ecosystem stakeholders to boost the domestic green housing sector.

Greenwashing concerns here to stay, says IdealRatings

ESG ratings play a critical role in sustainable finance and investment. To learn about the role of sustainability ratings in the Islamic sustainable finance and investment space, ISFI spoke to Magdy Eissa, the vice-president of IdealRatings...

Sustainable Islamic interbank market transactions likely to grow, says CIMB Islamic

CIMB Islamic Bank recently entered into a RM1 billion (US$224.74 million) sustainable collateralized commodity Murabahah (CCM) transaction with Standard Chartered Saadiq Malaysia. On the back of this landmark...

Greenwashing concerns here to stay, says IdealRatings

ESG ratings play a critical role in sustainable finance and investment. To learn about the role of sustainability ratings in the Islamic sustainable finance and investment space, ISFI spoke to Magdy Eissa, the vice-president of IdealRatings...

Al Rajhi Bank’s dual tranche sustainability commodity Murabahah facility

Al Rajhi Bank concluded its US$1.16 billion three-year dual-tranche sustainability commodity Murabahah facility on the 20th September 2022. The deal was participated by 13 global investors from North America, Europe, Asia...

Ekovar’s waste management green Sukuk

Ankara-based Ekovar Cevre Grup Geri Donusum Atik Depolama Insaat Taahhut Sanayi Ve Ticaret has issued a TRY50 million (US$2.7 million) green Sukuk facility on the 14th September 2022. The proceeds from the issuance...

Malaysia’s first sustainability ringgit Sukuk

The Malaysian government has issued its first ringgit-denominated sustainability Sukuk worth RM4.5 billion (US$968.5 million) on the 30th September 2022. The proceeds from the 15.5-year Sukuk facility...

Indonesia issues largest-ever global green Sukuk tranche

The Republic of Indonesia has issued its largest green Sukuk tranche to date worth US$1.5 billion on the 24th May 2022. The 10-year green tranche was issued as part of a dual-tranched US$3.25 billion...