World Bank: Islamic Capital Market’s Value Proposition Must be Distinct

The World Bank has stated that the value proposition of Islamic Capital Markets (ICM) must be distinct in order to prove that the ICM concept is on par or even better than the Environmental, Social and Governance (ESG) investment schemes.

Speaking at a panel discussion during the Shariah Investment Virtual Conference organised by Bursa Malaysia-i and CGS-CIMB Securities on the 17th of June 2020, World Bank Financial Sector Specialist Consultant, Dr Mohamed Eskandar Shah specified that ESG’s value proposition was more straight forward compared to ICM, and that ICM was attempting to converge with ESG to attract larger investors, leading to ICM being branded together with ESG investments.

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