Islamic Finance and the Principles for Responsible Investment - Thought Leadership Series Part 2

Year Published

2021

Contributing Organizations

Islamic Finance Council (UKIFC)

International Shari’ah Research Academy for Islamic Finance (ISRA)

Global Ethical Finance Initiative (GEFI)

Type of Resource

Research/Insights Report

Languages

English

Relevant Topics

Core Topic

Islamic Finance

Target Audience

All

Relevant Geography

Africa

Middle East and North Africa

Asia & the Pacific

Resource Description

This report examines how Islamic finance engages with the UN Principles for Responsible Investment (PRI). It reviews OIC member state signatories, analyzes 12 Islamic finance institutions within PRI, and presents case studies on ESG and SDG integration.

Why This Matters

Greater PRI alignment can help Islamic finance mobilize capital, strengthen credibility, and support SDG financing needs in OIC states.

Key Insights

Only 12 of 57 OIC states have PRI signatories, representing 1% of the global total despite 24% of the world’s population
37 OIC signatories include 65% investment managers, 24% service providers, 11% asset owners
The 12 Islamic finance PRI signatories analyzed manage about $350bn in AUM, with differing levels of ESG disclosure and SDG references
Case studies (BIMB, DDCAP, GIB AM, Sedco Capital) show progress on ESG integration but highlight gaps in awareness, regulation, and reporting

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