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Guidance Note for Islamic Finance Institutions Reporting under the UN PRB

Guidance Note for Islamic Finance Institutions Reporting under the UN PRB

Year Published

2021

Contributing Organizations

Gatehouse Bank
Global Ethical Finance Initiative (GEFI)
Islamic Finance Council (UKIFC)

Type of Resource

Guidance

Languages

English

Relevant Topics

Core Topic
Islamic Finance
Topic 2
Transition Planning & Implementation Capabilities
Topic 3
Banking

Target Audience

Banks
Financial Services Providers
Advisors & Consultants

Relevant Geography

Global
Guidance Note for Islamic Finance Institutions Reporting under the UN PRB

Resource Description

This guidance supports Islamic finance institutions (IFIs) in aligning their reporting with the UN Principles for Responsible Banking (PRB), offering tailored suggestions for integrating Islamic finance values into PRB disclosures.

Why This Matters

Adapting PRB reporting to reflect Islamic finance helps IFIs demonstrate sustainability leadership, improve transparency, and align with global standards.

Key Insights

  • Islamic finance aligns closely with PRB through principles of ethics, sustainability, and stewardship
  • Offers sample language for IFIs to report under each of the six PRB principles
  • Encourages inclusion of financial inclusion, sector exclusions, and Shariah governance in reporting
  • Notes gaps in current IFI reports, such as limited Shariah reference in summaries
  • Recommends clearer disclosures, impact data, and alignment with frameworks like GRI and TCFD

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