The Next Step: The Strategic Development of Islamic Social and Sustainable Finance

IFN OnAir

The nexus of UK Islamic finance and the path to COP28 — what role should the UK government and financial institutions be playing? How do we further encourage UK Islamic financial institutions to develop Shariah compliant social and sustainable products, including mortgages? Adopting climate risk ratings and external review — what more can companies and financial institutions do to measure climate risk, while developing credible strategies to mitigate such risks? What is UK Islamic finance’s role in innovative initiatives such as the global market for voluntary carbon credits? With carbon credits being recognized as Halal, what financial structures could fossil fuel-dependent OIC countries use to raise financing? How do thriving sectors such as the European hydrogen market secure access to UK Shariah compliant capital? Finally, how can Islamic capital market transactions continue to be structured in accordance with domestic and international regulator-driven sustainability frameworks?

Moderator:

Farmida Bi, Chair, Europe, Middle East and Asia, Norton Rose Fulbright

Panelists:

Khaled Khalifa, Senior Advisor and Representative to the Gulf Cooperation Council Countries, United Nations High Commissioner for Refugees
Luma Saqqaf, CEO, Ajyal Sustainability Consulting
Dr Mohammed Kroessin, Head of Global Islamic Microfinance Unit, Islamic Relief Worldwide
Munirah Khairuddin, Global Head of Shariah Business, Principal and Country Head and CEO, Principal Malaysia
Dr Sutan Emir Hidayat, Director of Islamic Economy Supporting Ecosystem, National Committee for Islamic Economy and Finance