Elevating the ‘S’ in ESG through Islamic finance

Dr Nazrul Hazizi Noordin is an assistant professor at the IIUM Institute of Islamic Banking and Finance, International Islamic University Malaysia, Gombak campus.

The ‘S’ in ESG (environmental, social and governance) often takes a back seat to the other two pillars. However, the pandemic and recent existential threats of inequality and polarisation have thrust it into the limelight, emphasising its critical importance in keeping the social fabric worldwide intact.

In the quest to address these societal challenges, securing adequate capital is essential to making impactful progress.