Islamic Finance

Are Islamic banks developing principles aligned with SDGs?

Are Islamic banks developing principles aligned with SDGs?

Malaysia's CIMB Group Holdings this week announced it had become a member of the core group of the United Nations’ (UN) Environment Programme Finance Initiative Principles for Responsible Banking (UNEP-FI).

This core group, which is now made up of 27 financial institutions from 19 countries, is leading an initiative for banks to align with the UN's Sustainable Development Goals (SDGs) and the Paris Climate Agreement. 

No standalone full-fledged Islamic bank is a member of this core group and only four of the 27 have Islamic subsidiaries, windows or units. 



See our infographic below for details. 

Useful links:

For information about the UNEP-FI read here.

Go here for the complete list of members of the UNEP-FI from the banking, insurance and investment sectors.

Learn about the UN Sustainable Development Goals (SDGs) here and read about the Paris Agreement here.



Paris Climate Agreement
Responsible Finance
Sustainable Development Goals