As we move into the tail end of 2022, we are globally facing an increasing number of climate- related challenges, from the devastating floods in Pakistan to the looming energy crisis in Europe. ISFI speaks to Marcel Omar Papp, the Head of Swiss Re Retakaful Malaysia, to learn more about how sustainability risk impacts Takaful and re-Takaful operators.
The Securities Commission Malaysia launched the Sustainable and Responsible Investment linked Sukuk Framework on the 30th June 2022 as an extension of its initiatives under the SRI Roadmap to facilitate fundraising by companies in addressing sustainability concerns. We are joined by Sharifatul Hanizah Said Ali, the executive director of Islamic capital market development at the SC, to learn more about this framework.
CIMB Islamic Bank recently entered into a RM1 billion (US$224.74 million) sustainable collateralized commodity Murabahah (CCM) transaction with Standard Chartered Saadiq Malaysia. We spoke to Ahmad Shahriman Mohd Shariff, CEO of CIMB Islamic, on the back of this landmark deal to understand its structure and significance.
The Qatar Financial Centre (QFC) launched the QFC Sustainable Sukuk and Bonds Framework in March 2022. The framework is part of the financial center’s efforts to develop Qatar’s debt capital market, which seeks to emulate the success of the Malaysian capital market. We speak to Aymane Doukali, the head of Islamic and structured finance at QFC, about how the framework will impact sustainable issuances in the region.
General Council for Islamic Banks and Financial Institutions (CIBAFI) launched its Sustainability Guide for Islamic Financial Institutions on the 12th May 2022, following the issuance of its corresponding consultative document in March.
In this episode, we speak to Dr Abdelilah Belatik, the secretary general at CIBAFI, about how the sustainability guide will impact Islamic financial institutions.
Khurram Hilal, Standard Chartered Bank’s CEO of global Islamic banking, describes Islamic and sustainable finance as a match made in heaven. In this episode, Khurram walks us through why he thinks this sector is ripe for the picking and share with us Standard Chartered’s Islamic sustainable finance strategy.
We often use the terms ethical finance and Islamic finance interchangeably. But there are meaningful differences between Shariah compliant finance and the wider sustainability concepts, which also translates into performance differences. In this episode, we speak to Michael Orzano, the senior director of global equity indices at S&P Dow Jones Indices, to understand these distinctions and explore if taking the Islamic ESG road is worth the cost.
Sustainable finance is touted as the future of the Islamic finance industry. But how has the asset class fared so far? What innovation are we seeing in this space? Which markets are leading? In this episode, we speak to Bashar Al Natoor, the global head of Islamic finance at Fitch Ratings to canvas the global Islamic sustainable finance landscape
Craig Reeves, the founder of Prestige Funds, talks to IFN's Nessreen Tamano about the hunt for yield in the sustainable Islamic investment space, as well as the overlap between Shariah compliant and sustainable asset management, in this episode of the IFN Podcast.
Compliance has a cost – and this also true in the case of Islamic sustainable finance. In this episode, we speak to Farmida Bi, the chair for Europe, Middle East and Asia at international legal firm Norton Rose Fulbright and the firm’s European Islamic finance head, to understand the regulatory landscape for Islamic sustainable finance.
How does one miniaturize the Islamic economy? One tech company is attempting to do that. IBF Net Group, which has a presence in Singapore, Kuala Lumpur and Dublin is on a mission to leverage technology to create a Halal ecosystem with a focus on Islamic social finance. In this episode, we speak to CEO-designate Mohammed Alim to find out more about the blockchain projects the group has rolled out and understand the role of technology within the Islamic sustainable finance narrative.
We speak to Jennifer Schwalbenberg, chief governance office of DDCAP Group, a market-leading Islamic intermediary firm which has positioned sustainable and ethical finances its driving force. Jennifer elaborates how the UN PRI Signatory is tackling the Islamic sustainability agenda, which could be an example for other market players.
Sustainable and green Sukuk are the poster child of the Islamic ESG sector. But what are the factors an issuer needs to consider before tapping this asset class? In this episode, we speak to Chung Chee Leong, the CEO of Cagamas, the National Mortgage Corporation of Malaysia. Cagamas is the country’s largest debt issuer, which has also issued Sustainable Sukuk, to explore what issuers can learn from Cagamas’ experience.
Islamic sustainable finance is a very compelling proposition. But while it looks good on paper, it is harder to materialize in reality. In this episode, we speak to Dr Scott Levy, the CEO of Bedford Row Capital, and Professor Kevin Haines, Bedford Row Capital’s head of social policy, to understand if there is a hesitancy among Islamic issuers to enter the sustainable finance space and how we can overcome this.