Edinburgh to host the Global Ethical Finance Forum in September

Middle East Global Advisors (MEGA) and the Scottish government have announced Edinburgh will be the venue for the event focused on responsible and ethical finance.

The Global Ethical Finance Forum (GEFF) is organised in conjunction with the UK Islamic Finance Council and Thomson Reuters, to bring closer players in the ethical finance sector, as well as develop common practices and standards.

The event is aimed at institutional investors, asset owners, policymakers and academics, with a focus on people in the Islamic finance sector – which is on the rise in the UK – environmental, social and governance (ESG) practices and socially responsible investment.

Islamic finance operates under principles in line with the Sharia law, and has a lot in common with ethical finance, since it excludes certain industries such as tobacco and alcohol.

The forum will also see the launch of the Responsible Finance Institute (RFI), a new platform to bring the industry together.

Participants consider ethical finance a key contributor to address social and environmental challenges such as poverty and climate change.

Dr. Sayd Farook, global head of Islamic capital markets at Thomson Reuters, said, “Thomson Reuters is proud to be the Knowledge Partner for the inaugural Global Ethical Finance Forum, a platform that will serve to connect the large but fragmented ethical  and responsible finance and investment communities.

“We believe that now is an opportune time to expand the capacity of ethical finance, inclusive of Islamic finance and socially responsible investment (SRI), to better serve people and the overall economy, and Thomson Reuters is participating in a number of initiatives to promote convergence and collaboration.”

GEFF will take place on September 1-2 at the Balmoral Hotel. To register for the event click here.

Photo: Dimitry B via flickr

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Further reading:

Islamic ethical values praised at House of Commons reception

Islamic banks urged to consider ethics and transparency for growth

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