null Empowering sustainability and ESG integration in Islamic finance
Empowering sustainability and ESG integration in Islamic finance
25 Jun 2021 | Friday Source: The Jakarta Post
The Islamic finance industry is expanding rapidly. The industry witnessed double-digit growth of 14 percent with a total of US$2.88 trillion in assets by the end of 2019, and global Islamic finance assets are expected to hit $3.69 trillion in 2024, according to the 2020 Islamic Finance Development Report released by Refinitiv and the Islamic Corporation for the Development of the Private Sector.
As the industry continues to grow in the coming years, there is a unique opportunity for Islamic finance and environmental, social and governance (ESG) to converge and drive sustainable investment globally.