Episode 27-Profit Over Principles? The Ethical Dilemma in Islamic Finance

The modern Islamic finance industry has grown since the 1970s into a $5 trillion industry. Critics argue that despite its ethical roots, it often prioritizes shareholder returns over impact investing. Whilst Islamic finance shares principles with ethical finance, it usually focuses on profits rather than social and environmental outcomes. In our 27th episode, we spoke to Reza Jaufeerally, a specialist in Islamic and ethical finance at the University of Leuven in Belgium. In our discussion, we touch on several topicsUnpacking what impact investing isWhy Islamic finance struggles with impact investingHow to enhance Islamic impact investing in Muslim-majority countriesEmail us: [email protected]'s Twitter (now X) handle-https://x.com/RZJ1Serenity Prayer by Reinhold Niebuhr; If by Rudyard KiplingIntro theme song-Arab and Muslim by StockMusic via Pixabay