Islamic Finance Growth Set to Attract Private Equity and Venture Capital

The strong growth of the Islamic finance sector is proving increasingly attractive to private equity (PE) and venture capital (VC) investors, according to research captured by Islamic Markets.

This comes with the ethical investments and ring-fenced financing measures deployed over the years for sustainable financing and infrastructure financing. 

Stakeholders At 2022 Global Islamic Finance Forum Explore Growth of the Industry

The 2022 Global Islamic Finance Forum last week in Kuala Lumpur, Malaysia, which discussed "Take the Reins," provided an opportunity for stakeholders in the entire ecosystem to explore how the industry can achieve scale and increase penetration across the world.

Leaders in the industry engaged extensively in work required to strengthen Islamic finance's global leadership position.

Fintech, Key to the Growth of Zakat and Voluntary Giving

According to Islamicmarkets.com, fintech will play a vital role in the growth of Zakat and Voluntary across the global economy. 

It states further that developments in fintech and digitalization will significantly contribute to growth in Zakat's annual financial value, as well as voluntary giving such as Sadaqah donations and Waqf endowments.

Zakat and Voluntary Giving constitute the key components of Islamic Social Finance, dedicated to community development and empowerment.

Nigeria's Energy Transition Plan and The Role of Green Sukuk Finance

The Green Sukuk is a powerful financial instrument that can support Nigeria's 2060 Energy Transition Plan. Mr. Adeoluwa Adejumo, MD/CEO of Guaranteed Power Limited, made this point while discussing "Nigeria's Energy Transition Plan: Role of Green Sukuk Financing." 

According to him, Green Sukuk is a Shariah-compliant fixed-income instrument structured to use the proceeds towards climate change integration, adaptation and environmental conservation projects.

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