RFI and Magni Help Stakeholders Evaluate Common Governance Values Across Responsible Investment & Islamic Finance

The RFI Foundation (RFI) and Magni Global Asset Management LLC (Magni) today announced that together they will research the strategies employed by responsible financial institutions of all types to integrate governance factors into their financial decision-making.  The research will build on Magni’s model for corporate governance to enable qualitative evaluation of key shared values used in Islamic finance and other forms of responsible finance.  The research will lead to a better definition of the values that underpin the diverse practices that make responsible finance attractive in diverse environments.

Blake Goud, CEO of RFI, heralded the research efforts, “It has been our mission to identify principles and solutions used across responsible finance sectors to support equitable, inclusive and sustainable economic development. Magni’s research shows that governance cuts across faith lines; its qualitative analysis helps identify the shared values that guide the practical approach to Islamic finance and traditional responsible investing.

Kurt Lieberman, CEO of Magni, says that Magni’s governance expertise can easily be extended to enhance the work of RFI, and can bring responsible finance and Islamic finance closer. “I am excited that Magni partnered with such a prestigious organisation. We look forward to helping RFI create greater inclusion of the values reflected in good governance into investment decisions.” 

Goud added that, “As the geographical footprint of Islamic finance and other forms of responsible finance begin to overlap, there is a growing opportunity for all types of responsible finance to identify practices to address shared values.  Our research with Magni will be a first step in expanding cooperation between different forms of responsible finance.”