A boost for investments in Islamic assets

Chief executive officer of Bursa Malaysia Bhd Datuk Muhamad Umar Swift (file pic) said the growth in value-based investing such as ESG has presented a unique opportunity for Islamic finance due to the many shared underlying principles of both ESG and Islamic capital-raising approaches.

KUALA LUMPUR: The convergence of environmental, social and governance (ESG) practices and syariah investing has the potential to boost ESG investments across multiple Islamic finance asset classes and the broader financial industry.

Chief executive officer of Bursa Malaysia Bhd Datuk Muhamad Umar Swift said the growth in value-based investing such as ESG has presented a unique opportunity for Islamic finance due to the many shared underlying principles of both ESG and Islamic capital-raising approaches.