Half of Islamic Fund Managers Report Investor Interest in ESG and Many of Them Now Have Sustainable Islamic Funds

A recent CIBAFI survey found that almost one-third of Islamic fund managers offered sustainable Islamic fundsFund managers’ offerings of sustainable Islamic funds were in response to investor demand, and almost half said they had received some interest in Environmental, Social, and Governance (ESG)The steady growth of Islamic funds incorporating ESG highlights the importance of RFI Foundation’s quantitative research study, which offered clues about how fund managers can get the most out of the combination of ESG and Shariah screening

A focus on environmental, social and governance issues is increasingly popular among Islamic funds, although as only a minority of Islamic fund managers reported in a recent survey by CIBAFI that they had integrated ESG into their inves...