Unlocking Islamic Sustainable Finance

Islamic finance has become a significant sector, with the global industry valued at around $4 trillion in 2023 and expected to reach $6.7 trillion by 2027. However, as the deadline for updating Nationally Determined Contributions (NDCs) approaches, many countries face challenges in achieving their climate goals due to a lack of adequate funding. With the UNFCCC estimating that over $6 trillion is needed annually by 2030 to meet these targets, the shortfall underscores the necessity for new, inclusive financing solutions. Islamic finance presents a promising alternative, focusing on ethical risk-sharing and asset-backed principles, which increasingly resonate with the demand for sustainable financial practices globally.

Building on the momentum from previous Islamic sustainable finance events and the Tayyib platform, a global ESG tool for asset managers, more work remains to fully realise the potential of Islamic finance. GEFI, with its expertise in this field, and DIFC, a regional sustainable finance leader, are working collaboratively to advance Islamic sustainable finance in the region. Our summit aimed to inspire the sector, urging a focus on practical progress over delays to help bridge the global finance gap and address critical sustainability challenges.

Agenda

09:00 - 09:30 Registration and Networking

Welcome Words & Quran Recitation

Opening Keynote

Presentation - Framing Islamic Sustainable Finance

Fireside - Synergies between Islamic and Sustainable Finance

Presentation - Green and Sustainability Sukuk Report 2024

Panel - Innovative ISF products - Green & Sustainability Sukuk

Presentation - Islamic Finance and Renewable Energy

11:15 - 11:35 Break

Fireside - Towards Building Green Islamic Portfolios

Closing Keynote

12:25-13:00 Close and Networking

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