ISLAMIC FINANCE GOES GREEN
August 1st, 2014
THE ETHICAL traits of Sharia-compliant, or Islamic, financing, such as not allowing interest or investments in gambling and tobacco, have made sustainable and responsible investment (SRI) and green funds an obvious extension for the sector. But with Islamic finance already being a niche market, compared to conventional financing, initiatives to diversify into SRIs have struggled over the past several years. Indeed, some have not got beyond the press release stage while few projects have been successfully funded. However, the sector has started to re-inject life ...
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