Committed to the promotion and enhancementof the global Islamic finance industry
Our Latest Initiatives
Reassessing Coal in Islamic Finance
Developed in partnership with Greenpeace MENA as part of the Ummah For Earth Alliance, this paper draws upon parallels between the jurisprudential treatment of tobacco and the ethical considerations surrounding coal, focusing on the re-evaluating Islamic finance screening methodologies. Having shared the executive summary in Dubai in October, the full paper was launched at COP30 in Belém, Brazil on Monday 17 November.
Alternative Student Finance
The UKIFC has been selected by the UK Government to support the development of the Department for Education’s new Alternative Student Finance (ASF) product. Our most recent engagement is being appointed as the secretariat for the Islamic Finance Supervisory Board which is tasked to ensure ASF is in line with Islamic finance principles. ASF offers faith-compliant support for students through a Takaful-based model, with income-based contributions replacing interest-bearing loans.
Our Reports
We undertake tailored research on a range of topics in the ethical and sustainable finance sector. This is a selection of our most prominent publications. For more reports, please refer to our respective services’ sections.
Latest activities and news
Videos
Islamic finance and SDGs
John Glen MP: SDG Taskforce
Edinburgh Finance Declaration
Islamic Impact Investing
“The Islamic finance industry has a key role to play in prioritising the climate and the broader SDGs going forward. These issues are naturally aligned to the principles of Islamic finance and promoting green sukuk will be a key route that can drive industry growth.”
Omar Shaikh
“The launch of the High-Level Working Group on Green Sukuk is a significant milestone for the development of Islamic Finance and sustainable finance globally. I am delighted that LSEG is a founding member to help scale green sukuk through our markets and data, allowing companies to access finance in a manner consistent with their faith and values. Green sukuk are strongly linked to assets in the growing green economy, and can help mobilise the capital needed to fund the U.N. Sustainable Development Goals.”
Julia Hoggett
"The Republic of Indonesia is always a keen promoter of the asset class and committed to further enrich and develop Green Sukuk, as seen by our consistent effort in issuing the instrument annually, and therefore, very excited to participate in this collaboration. We hope to be able to share our experiences and provide valuable precedents to the group, at the same time learning and apply best practices or initiatives for the improvement of Green Sukuk."
Sri Mulyani Indrawati
“The UK has strong credentials in green and Islamic finance, and we’re proud to be a founding country partner of the High Level Working Group on Green Sukuk which launched at COP 26 in Glasgow. Green Sukuk offer countries and companies an important route to secure investment for sustainable projects, so it’s important we work globally to kickstart and grow this market.”
John Glen MP
“This Taskforce will bring together the global Islamic finance community so it can help us meet our international, environmental and sustainability objectives – using UK expertise in sustainable finance to drive forward innovation around the world.”
Richard de Belder
UKIFC Services
Advisory
Ethical Finance
Training & Awareness
Thought Leadership
Providing advisory, reporting and consultancy services in relation to the establishment, promotion and regulation of Islamic finance.
Exploring the relationship between Islamic finance and the broader ethical finance arena and promoting coordination and understanding between them.
Promoting awareness and understanding of Islamic finance and its regulation as well as empowering Shariah scholars and finance professionals.
Providing leadership on current issues in Islamic finance with a view to promoting robustness and stability in Shariah financial frameworks and market practices.
Any questions?
Contact us today.
About the UKIFC
A range of supporters discuss the purpose, aims and ambitions of the UKIFC in this short, informative video.
10 Year Anniversary 2018
