Islamic finance market underserved demand for sustainable impact

Nearly three out of four practitioners believe Islamic finance underserves economic, social and governance (ESG) demands, according to a study by Maybank Islamic Berhad, the Islamic banking arm of Maybank Group, and IslamicMarkets.com last month. Research conducted among 143 leading Islamic finance professionals working across banking, fintech and finance sectors also found that they expect dramatic growth in the number of investment funds combining ESG and Shariah compliance over the next two years.