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The effects of the global Covid19 pandemic and resulting economic crisis have been exacerbated by extreme weather conditions that have the potential to push millions of people into lasting poverty traps.
As the world gathers its resources to address climate change impacts, the Islamic finance industry also need to play its role. . Climate change affects people, countries, financial institutions and the global economies at large. The Islamic finance industry needs to
develop its responsive capacity to such impacts and address any weaknesses in regulations and practices affecting the industry.
Main topics:
-Climate change as a key issue
-Climate change, environment and Shari’ah perspective on environment protection (considering Maqasid Al Shari’ah)
-Impact assessment of climate change on economies and industries – short term and long term
-Impacts of climate change on financial institutions including the requirements of the relevant protocols and conventions
-Consideration of environment protection and climate change in financing and investment strategies for Islamic finance industry
-Islamic financial institutions – ability to develop strategies related to climate shocks
-Role of regulators and policymakers for environment protection and climate change
