On August 19, 2018 Salaam Gateway reported that “Malaysia’s Shariah-compliant BIMB Investment Management launched the world’s first environmental, social and governance (ESG) sukuk fund on August 1. Reflecting a growing responsible finance sector in Malaysia, the company’s CEO told Salaam Gateway the move was in response to market interest.
BIMB’s ESG Sukuk Fund is the company’s fifth ESG-focused fund as a result of its partnership since 2015 with London-based Arabesque Asset Management, whose S-Ray proprietary methodology is used in the five funds’ portfolio strategy.”
In addition to profiling the above-mentioned firms, their ESG methodologies and investment products, the article also charts the development of responsible finance in Malaysia, including Islamic finance and sukuk.
You may read the article on the internet site of Salaam Gateway – the Global Islamic Economy Gateway.