Wednesday
May 17
2017

IDB-UNDP report identifies steps to leverage Islamic finance for impact investing

The Islamic Development Bank (IDB) Group and the United Nations Development Program (UNDP) on Monday launched a new report that spells out the potentials of Islamic finance in impact investment for the achievement of the Sustainable Development Goals (SDGs).

The report, titled “I for Impact: Blending Islamic Finance and Impact Investing for the Global Goals”, was launched by IDB President Dr Bandar Hajjar and UNDP Assistant Secretary General Magdy Martínez-Solimán, during the 42nd Annual Meeting of the IDB Group in Jeddah, Kingdom of Saudi Arabia.

It reviews recent developments and key factors for growth of Islamic finance and impact investing, and makes policy recommendations for development actors to leverage Islamic finance for impact investing as a way of fostering inclusive finance, curbing poverty, and achieving the SDGs.

Source: The Saudi Gazette (link opens in a new window)

Categories
Impact Assessment, Investing
Tags
global development, Global Goals, IDB, impact investing, Islamic finance, poverty alleviation, SDGs, social impact, UNDP