The strategic development of sustainable, Islamic, social finance

At the recent Islamic Finance News UK Forum in London, held on 4 sep 2023, the panel explored the strategic development of sustainable, Islamic, social finance - a very rich conversation about many aspects.

It is often the case when we talk about Islamic finance, that the focus seems to ultimately zero in on philanthropy and Zakat and the charity aspects of Islamic principles employed - the key pillars of Islam.
 
As the overall perception of Islamic finance in the UK in recent years has been one of slow evolution, perhaps a way to see it flourish and grow is to view it not through the limited lens of just "a tool for good deeds”, or a purely social or philanthropic lens, but to treat it as wider ethical finance, with the potential to fund vital business solutions to global issues. We could open up to the possibility that it can also be a source for wealth creation and growth (in line with Maqasid al Sharia), but always through deployment of ethical means.

A very interesting discussion between Luma Saqqaf,  Farmida Bi  Khaled Khalifa , 'Mohammed' R. Kroessi and Munirah Khairuddin.