Responsible Finance Champions: CIMB Islamic Bank's responsible finance journey
The RFI Foundation is excited to announce the release of an in-depth case study of one of our member financial institutions, CIMB Islamic Bank (“CIMB Islamic”), which has adopted responsible finance practices in a systematic way. The case study and this companion podcast are designed to show that it is possible for an Islamic bank to integrate responsible finance practices into its operations and strategy and to generate wide stakeholder buy-in based on a fundamental business rationale.
The case study and podcast expand a shorter case study that was included in the Refinitiv-RFI Foundation report titled “Islamic Finance ESG Outlook 2019”, which was released during the RFI Summit 2019. The report, which also includes knowledge-building materials created by RFI Foundation in collaboration with Refinitiv, focused on the financial materiality of responsible finance for Islamic financial institutions. Taken together, the case study, podcast and report demonstrate there is a defensible, clear business case for Islamic banks to seek out strategic advantage in responsible finance.
CIMB Islamic, and the whole CIMB Group, have shown through their actions that there is a repeatable process for Islamic banks to adopt responsible finance practices. Focused on CIMB Islamic, this podcast documents how CIMB Group achieved buy-in from a diverse range of internal and external stakeholders, including management, shareholders and directors, with the support of employees who are passionate about sustainability, particularly millennials.
Blockchain platform brings the physical and digital worlds together for sustainable infrastructure
RFI Foundation and DDCAP Group™ release a “SME market influencer” case study and podcast
Can Islamic finance lead the responsible finance response to Covid19 in OIC countries?
Australia’s first sukuk mandate adds diversification to a Shariah-compliant responsible investment super fund
Small is beautiful for the world’s tiniest sukuk
Interview with Dr. Shalini Sharma
How does Islamic finance incorporate ESG and other responsibility concerns into industry practices?
A credit rating agency finds ‘natural’ links between Islamic finance, sustainability and ESG
An Australian Super Fund sees a role for Islamic investment to reverse 'intergenerational theft'
Creativity helps to build bridges between sustainable, responsible & Islamic finance and encourages beneficial uses of technology in the process
Poverty is not natural and can be overcome and eradicated - An interview with Inge Relph
Silicon Valley & Shari’ah compliant: Find out how thirdACT finances energy efficiency without debt
How can Islamic finance leverage technology in support of positive environmental and social impact?
What happens when a commercial banker goes to divinity school?
Interview with Matthew Joseph Martin, Founder & CEO of Blossom Finance
Islamic finance has much to gain by acknowledging and addressing gender imbalance
Interview with Daud Vicary Abdullah, Managing Director of DVA Consulting Sdn Bhd and an RFI Trustee
Interview with Dr. Sherin Kunhibava, Senior Lecturer at University Malaya Law faculty
Interview with Jessica Robinson, Founder & CEO, Moxie Future