Islamic Finance

New RFI Foundation report outlines way forward in defining impact-focused collaboration between Ethical finance and Islamic finance


Jakarta, Indonesia, 14 November 2019 – An authoritative report was released today at the IFSB Summit in Jakarta, Indonesia by the Chairperson of the RFI Foundation’s Council of Advisors, Tan Sri Dr. Zeti Akhtar Aziz, during a session moderated by the RFI’s CEO, Blake Goud.

The report investigates similarities between Ethical and Islamic finance and provides recommendations to build upon the shared principles which link the two forms of responsible finance.

The report, Responsible Finance – Ethical & Islamic Finance: Meeting the Global Agenda, which was co-authored with Azleena Idris and Yousuf Sultan, outlines important lessons to avoid a repeat of the Great Financial Crisis by focusing on forms of financial intermediations that can promote economic, social and environmental sustainability that are strongly anchored to the real economy. The report provides several potential areas of cooperation including:

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