Islamic Finance Sector Should Encourage Climate Change Actions and Sustainability Programmes, says Bank Negara Malaysia

Adnan Zaylani Mohamad Zahid, Assistant Governor of Bank Negara Malaysia, speaking at the IFN Asia Forum 2021 said the Islamic finance industry should support climate change actions and sustainability programmes facilitating trade and investment whilst exploring Asia’s fast-changing consumer landscape as there is significant growth potential for the sector.

Why it Matters?

Adnan Zaylani stressed on three areas. Firstly, with private capital showing an increased interest in the region, resulting in a growing demand for sustainable investment, the need for private sustainability finance has gained momentum. Adnan Zaylani noted that the evolution of the Islamic finance sector has resulted in the creation of a wide range of financial solutions which a...