SEDCO Capital, the leading Sharia-compliant investment firm, recently announced its support of the upcoming Responsible Finance Summit.
The summit, scheduled March 30-31, will be held at Sasana Kijang, Kuala Lumpur, Malaysia.
While the global responsible investment industry comprises nearly one third of managed assets, it has few connections to the Islamic finance industry. This rapidly growing market is attracting responsible interest firms that are working to build bridges between traditional investments and Islamic finances. Because charging and receiving interest payments are considered usury according to Sharia law, compliant funds are managed as mutual funds, ETFs or hedge funds. In addition, excessive risk is not allowed, as it is a form of gambling.
“We are delighted to participate in the Responsible Finance Summit and are very happy to see the world starting to embrace our Prudent Ethical Investment approach among a truly groundbreaking gathering of key stakeholders from the traditional responsible finance and Islamic finance sectors,” SEDCO Capital CEO Hasan Al-Jabri said. “We are excited to support efforts to build alliances and increase the measurable impact of the responsible finance industry in line with the Islamic prudent principles that complement the ESG direction of building sustainable economic development.”
