Guidance Note for Islamic Finance Institutions Reporting under the UN PRB

Year Published

2021

Contributing Organizations

Islamic Finance Council (UKIFC)

Gatehouse Bank

Global Ethical Finance Initiative (GEFI)

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

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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