IRI Community Awareness

I recently met with some Islamic banking and finance practitioners who had questions about the Islamic Reporting Initiative and future standards issued by IRI. Their questions were relevant, and I want to share some information to promote awareness. The IRI is currently drafting the world’s first mainstream reporting standard for Corporate Sustainability and Social Responsibility (CSR) based on Islamic values and principles. The motto and driving philosophy of IRI founder Daan Elffers is that “if you don’t measure something, you can’t manage it.” I want to emphasize that IRI collaborates industry-wide and that any standards will be from industry participation and feedback and not drafted and imposed on industry blindly.

The creation and implementation of standards have far-reachin...