Sustainable and responsible investment (SRI):trends and prospects

This paper focuses on highlighting the trends and prospects of Sustainable and Responsible Investment (SRI) financial instruments. It also explicates the potential role of SRI in propelling Malaysia further as the leader in the global Islamic finance industry. Based on review of literature and data...

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Main Authors:	Syed Azman, Syed Marwan Mujahid, Engku Ali, Engku Rabiah Adawiah
Format:	Article
Language:	English
Published:	Jabatan Kemajuan Islam Malaysia 2016
Subjects:	HB126.4 Islamic Economics HG3368 Islamic Banking and Finance
Online Access:	http://irep.iium.edu.my/68655/ http://irep.iium.edu.my/68655/ http://irep.iium.edu.my/68655/1/68655-Sustainable%20and%20Responsible%20Investment%20%28SRI%29%20Trends.pdf

id	iium-68655
recordtype	eprints
spelling	iium-686552018-12-28T07:45:52Z http://irep.iium.edu.my/68655/ Sustainable and responsible investment (SRI):trends and prospects Syed Azman, Syed Marwan Mujahid Engku Ali, Engku Rabiah Adawiah HB126.4 Islamic Economics HG3368 Islamic Banking and Finance This paper focuses on highlighting the trends and prospects of Sustainable and Responsible Investment (SRI) financial instruments. It also explicates the potential role of SRI in propelling Malaysia further as the leader in the global Islamic finance industry. Based on review of literature and data from various sources, this paper finds that the growth of the Islamic finance industry has slowed down, correlating with the global economic and finance environment. However, the trend may improve, encouraged by the global interest in Socially Responsible Investment (SRI). The emergence of innovative SRI instruments such as Green bonds, vaccine sukuk, Social Impact Bond (SIB), and SRI sukuk is encouraging, especially for the growth of the Islamic finance industry. The paper compares SIB and SRI sukuk, and discusses the potential of SRI sukuk which can provide a huge opportunity for Islamic finance. The global SRI industry is still nascent but there is a growing demand and potential. Therefore, the issuances of SRI sukuk can potentially tap into this market and reinforce the universality of the value proposition of the Islamic finance industry. The paper contributes to the awareness of the SRI industry as well as the potential growth-path of the Islamic finance industry and the social impact it can bring. Jabatan Kemajuan Islam Malaysia 2016 Article PeerReviewed application/pdf en http://irep.iium.edu.my/68655/1/68655-Sustainable%20and%20Responsible%20Investment%20%28SRI%29%20Trends.pdf Syed Azman, Syed Marwan Mujahid and Engku Ali, Engku Rabiah Adawiah (2016) Sustainable and responsible investment (SRI):trends and prospects. Jurnal Muamalat, 9 (2016). pp. 1-21. ISSN 1985-6156 http://www.islam.gov.my/e-penerbitan/73-jurnal/1063-jurnal-muamalat-bilangan-9-tahun-2016
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HB126.4 Islamic Economics HG3368 Islamic Banking and Finance
spellingShingle	HB126.4 Islamic Economics HG3368 Islamic Banking and Finance Syed Azman, Syed Marwan Mujahid Engku Ali, Engku Rabiah Adawiah Sustainable and responsible investment (SRI):trends and prospects
description	This paper focuses on highlighting the trends and prospects of Sustainable and Responsible Investment (SRI) financial instruments. It also explicates the potential role of SRI in propelling Malaysia further as the leader in the global Islamic finance industry. Based on review of literature and data from various sources, this paper finds that the growth of the Islamic finance industry has slowed down, correlating with the global economic and finance environment. However, the trend may improve, encouraged by the global interest in Socially Responsible Investment (SRI). The emergence of innovative SRI instruments such as Green bonds, vaccine sukuk, Social Impact Bond (SIB), and SRI sukuk is encouraging, especially for the growth of the Islamic finance industry. The paper compares SIB and SRI sukuk, and discusses the potential of SRI sukuk which can provide a huge opportunity for Islamic finance. The global SRI industry is still nascent but there is a growing demand and potential. Therefore, the issuances of SRI sukuk can potentially tap into this market and reinforce the universality of the value proposition of the Islamic finance industry. The paper contributes to the awareness of the SRI industry as well as the potential growth-path of the Islamic finance industry and the social impact it can bring.
format	Article
author	Syed Azman, Syed Marwan Mujahid Engku Ali, Engku Rabiah Adawiah
author_facet	Syed Azman, Syed Marwan Mujahid Engku Ali, Engku Rabiah Adawiah
author_sort	Syed Azman, Syed Marwan Mujahid
title	Sustainable and responsible investment (SRI):trends and prospects
title_short	Sustainable and responsible investment (SRI):trends and prospects
title_full	Sustainable and responsible investment (SRI):trends and prospects
title_fullStr	Sustainable and responsible investment (SRI):trends and prospects
title_full_unstemmed	Sustainable and responsible investment (SRI):trends and prospects
title_sort	sustainable and responsible investment (sri):trends and prospects
publisher	Jabatan Kemajuan Islam Malaysia
publishDate	2016
url	http://irep.iium.edu.my/68655/ http://irep.iium.edu.my/68655/ http://irep.iium.edu.my/68655/1/68655-Sustainable%20and%20Responsible%20Investment%20%28SRI%29%20Trends.pdf
first_indexed	2023-09-18T21:37:24Z
last_indexed	2023-09-18T21:37:24Z
_version_	1777412913157373952

Sustainable and responsible investment (SRI):trends and prospects

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