How Ethical is Islamic Finance?

This event, which included a line-up of scholars, industry experts and academics, addressed the topic, "How Ethical is Islamic Finance."

Key take-aways from the event include:

• Development of retail products to give all ethical investors opportunity for value-based choices. 
• Any tool which turns land into desert has to be wrong - Islamic finance and sustainability must be ethically aligned. 
• ESG and SRI are closer to Islamic principles than Islamic banking. 
• Credit risk on its own does not entitle you to take a profit - you must take commercial risk. 
• Millennials are driving the financial services market and they demand transparency. 
• Development of a UK SME Islamic-compliant fund, based on a FinTech platform, can help recover lost momentum. 
• 50% plus of the existing global poor are Muslims and FinTech is the only way to address this problem.

A detailed overview of the workshop and key take-aways can be downloaded here.