Media Releases
RFI Foundation estimates the financed greenhouse gas emissions in Malaysia’s financial system
Many of the global investors who are signatories to UN-convened Net Zero Asset Owners Alliance and who collectively manage $5 trillion in assets, are among shareholders in Malaysian financial institutions and financial assets in Malaysia like bonds, sukuk and equities. Financial institutions and investors should consider GHG emissions as a potential future cost when evaluating the future financial prospects of companies they finance. Their investors already are.
RFI Foundation is providing new & expanded member support services and adding two new board members as it works to link responsible & Islamic finance together
RFI Foundation will translate its deep experience as the first nonprofit solely focused on building links between Islamic finance & responsible finance to play a catalytic role by enabling financial sector development based on the universal principles shared between responsible and Islamic finance. The RFI Foundation is committed to working with financial institutions to capitalize on the ethical alignment of Islamic and responsible finance, and the added value that ESG can bring to business decision-making.
RFI Foundation comments on the Malaysian green taxonomy and its alignment with Islamic finance
The RFI Foundation provided detailed comment on Bank Negara Malaysia’s discussion paper “Climate Change and the Principle-based Taxonomy”. Released at the end of 2019, the discussion paper provides a detailed classification system for green and brown activities financed by banks and insurers in Malaysia, including Islamic banks and takaful operators.
RFI Foundation and DDCAP Group™ release a “SME market influencer” case study and podcast
RFI Foundation and DDCAP Group™ are excited to jointly announce the release of a case study and podcast showing how DDCAP’s experience demonstrates how SMEs can influence others to adopt responsible finance. Despite lacking the scale of the financial institutions with whom they work, SMEs in responsible finance can leverage their agility as an advantage and benefit from adopting sustainable and responsible practices more quickly than other institutions.
Wethaq (Capital Markets) supports the growth of green, social and sustainable sukuk
Wethaq (Capital Markets), a FinTech regulated by the Dubai Financial Services Authority (DFSA), announces that it has joined as a member of the RFI Foundation as it seeks opportunities to facilitate more green, social and sustainable sukuk, and demonstrate its commitment as a ‘responsible FinTech’.