AP: Global Islamic Finance Sector Prioritises ESG Concerns
27 Aug 2022 apnews.com
MELBOURNE, Australia, Aug. 31, 2022 (GLOBE NEWSWIRE) -- Over the past few years, the Islamic finance sector has experienced tremendous growth due to increased consumer interest in ethical banking and financial services. ESG refers to Environmental, Social and Governance: non-financial principles that are increasingly being applied to financial operations in order to create a more sustainable, equitable future. Sharia loans experts at Hejaz Financial Services report that as the sector continues to develop, the industry is looking to incorporate ESG factors into future forecasts and planning.
Recent consumer research reveals that around 73 percent of Islamic banking and Halal finance customers believe that the Islamic finance market could be doing more to meet the need and demand for ESG financial strategies.