Islamic Green Finance : Development, Ecosystem and Prospects

Islamic finance can be a catalyst for growth of green developments globally. Investors in Europe, Americas, Africa and Asia are witnessing the effects of non-sustainable investments on assets and portfolios that are exacerbating the climate change effects. This emerging trend provides greater opportunities for Islamic finance to attract a wider investor base and expand its role to support sustainable objectives of finance. This will require continuous collaboration with all stakeholders to converge in standards and reporting, as well as to spur innovation, reduce barriers and cost for issuers while increasing transparency and awareness for investors.