, Malaysia
190 views
Photo by Rock Staar via Unsplash.

Malaysia, UK tout Islamic finance to bridge green funding gap

Islamic finance’s framework naturally aligns with social finance, an official said.

Bank Negara Malaysia (BNM) and UK financial stakeholders have met up to discuss opportunities and challenges in promoting green investments via Islamic finance solutions.

Speaking at the MIFC-UK Business Forum, Sultan Nazrin Muizzuddin Shah said that Islamic finance can potentially address global sustainability gaps.

“This is where Islamic finance offers a potential solution. Rooted in principles of ethical practices, fairness, and equitable risk-sharing, it provides a framework that naturally aligns with sustainability and presents diverse funding options, including blended and social finance,” the sultan, who is the Royal Patron of Malaysia’s Islamic Finance initiative, said in his keynote address.

“It is well-positioned to address funding gaps that impede global progress and can serve as a tool for channeling resources where they are needed most,” Shah said to the over 140 participants that attended the forum.

Join Asian Banking & Finance community

Malaysian and UK representatives agreed to leverage Malaysia’s position as the “global gateway” for Islamic finance opportunities for Asia and the Organisation of Islamic Cooperation (OIC) markets, and the UK’s position as a global financial centre.

BNM and the MIFC Leadership Council (MLC) co-organised the forum with the Islamic Finance Council United Kingdom (UKIFC), TheCityUK, and UK Islamic Finance - Halal Economy Hybrid Group as supporting partners.

Malaysia would need approximately MYR1.2t to MYR1.3t in funding to build a sustainable economic landscape, the BNM said.

Follow the link for more news on

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Sri Lanka and Vietnam banks to boost 2025 financials
Sri Lanka’s political crises are receding; Vietnam will be lifted by higher loan growth
Retail Banking
What's in store for payments in 2025?
In emerging markets, digital wallets are evolving into bank account substitutes.
Cards & Payments
NRIC numbers alone cannot initiate payments, fund transfers: ABS
ABS advised customers to change their login passwords if they are using their NRIC number.