Sustainable finance: How Islamic finance is reshaping itself
The world is changing, quite literally. From devastating floods to debilitating droughts — all taking place simultaneously — our world is the warmest it has been in 125,000 years, hitting 1.1 degrees Celsius above pre-industrial levels. Our climate is changing and the UN estimates that developing markets would need US$127 billion every year by 2030 to help us adapt to the dramatic shift; by 2050, we would likely need more than double that — US$295 billion annually. As governments and regulators mobilize their financial industries to combat this threat, we ask leaders at the Islamic Sustainable Finance and Investment Forum 2022, how does Islamic finance fit into this narrative?