The World Bank Group Inclusive Growth and Sustainable Finance Hub in Malaysia (WBG’s Hub), UNDP Country Office for Malaysia, Singapore and Brunei Darussalam (UNDP-CO) and the Islamic Development Bank’s Kuala Lumpur Centre of Excellence (IsDBCoE), are keen to leverage on the GIFF event to showcase ongoing efforts in the Islamic Finance space, particularly those driven from the respective Malaysian offices.
The focus of this inaugural joint panel discussion programme is to unpack the potential of integrating impact measurement & reporting frameworks into Islamic Social Finance (ISF) systems and applications. The impact framework combined with the already comprehensive and stringent maqasid shariah foundation in Islamic Social Finance will only serve to extend ISF’s reach, efficiency, visibility and transparency and promote modernization and effectiveness of decision-making and operations. In the long run, these factors will only strengthen the appeal of Islamic Finance as a whole i.e., its ability to advance inclusion and stability, as well as its potential to expand the footprint of socially responsible and impactful investments.
Impact management and measurement will be a vital addition to the Islamic Social Finance landscape, providing contributors, organizations, beneficiaries and the public with a robust framework for best practice for reporting, investing and decision-making processes. Similar to an ESG framework for companies, an impact framework for Social Finance will enable the organizations or authorities to be more transparent about the risks and opportunities it faces. It is also a communication tool that plays an important role in showing short and long term financial and non-financial impact of distribution decisions made on behalf of the contributors.
Panelists:
Moderator: