The world is experiencing a data deluge with millions of devices and things talking to each other. According to one estimate, 90% of this data was created in the last few years only. As Eric Schmidt famously said, “There were 5 Exabyte of information created between the dawn of civilization through 2003, but that much information is now created every 2 years”.
Given that impact investment is growing rapidly and has become an important source of funding the SDGs, a blending with Islamic finance provides a formable partnership that could play a significant role in achieving the SDGs.
- North Africa & Near East
Achieving this goal — and indeed all of the SDGs by 2030 — requires the cooperation of governments, the private sector and nonprofit actors across the globe. They will also need considerable resources, which is why finding innovative and sustainable financing mechanisms will be critical to their success or failure.
- Health Care