Networking Event / B2B
Islamic Finance and Impact Investing: Synergies
While our world still suffers from the challenges created by poverty, inequality and environmental degradation funding needs of $5-7 trillion each year remains as a significant barrier for achieving the goals of 2030 Agenda. Private sector is now recognized as the most promising resource to overcome the SDG funding gap. With total industry assets reaching $2.2 trillion in 2016 according to the Thomson Reuters 2017 report, Islamic finance presents an enormous potential to mobilize finance for sustainable development. Experiencing a strong growth of 7% in 2016, Islamic finance assets exhibit a global inclination towards ethical, asset and real industry-based investments. Impact investing shares the same ethical approach to investments with an objective to generate social and environmental positive impact alongside financial returns. Looking at current trends, Islamic finance stands as an effective collaborator to promote purpose-driven investing.
GIFIIP Islamic Finance and Impact Investing Matchmaking and Networking Event
Global Islamic Finance and Impact Investing Platform (GIFIIP), established by the Islamic Development Bank (IDB) and UNDP´s Istanbul International Center for Private Sector in Development (IICPSD), recognizes the added-value of bringing together actors in Islamic finance and impact investing in a business matchmaking environment to create synergies and mobilize finance for impact-driven enterprises on the road to the 2030 Agenda. By organizing a networking event, the platform aims to play a matchmaking role between investors and other players in the ecosystem such as business incubators, development organizations and most importantly, inclusive business ventures seeking capital. The event will significantly reduce the time, effort and costs involved in due diligence and helps overcome information barriers to investors.