Islamic finance must look into sustainability, technology and innovation - Bank Negara

KUALA LUMPUR: The Islamic finance sector must look into supporting climate change actions and the sustainability agenda, facilitating trade and investment and responding to Asia’s evolving consumer landscape going forward as these offer enormous value creation prospects for the sector, according to Bank Negara Malaysia.

Assistant governor Adnan Zaylani Mohamad Zahid said firstly, growing interest from private capital offers a silver lining to the region’s predicament and rising demand for sustainable investments spearheaded by increasing national commitments, shifting investment mandates and eco-consumerism have started to move the needle in private sustainability finance.