Ethical Finance

In 2010 the UKIFC hosted a pioneering conference on Islamic and ethical finance which led to feedback from participants supporting an on-going dialogue.

Recognising this as a unique opportunity for the UKIFC to lead the ethical finance debate, the Ethical Finance Roundtable Series (EFRT) was initiated later that year in Edinburgh.

Since then the UKIFC has developed a growing reputation for its work in exploring the relationship between Islamic finance and the broader ethical finance arena and promoting better coordination and understanding between them.

Representative Activities

Planning and organising round tables, seminars and conferences

Supporting and participating in international conferences through advising on format, topics and agendas and adopting roles as chair, panelist and speaker

Contributions to media reports and articles

Leading interfaith and multi-stakeholder projects and initiatives

Advising conventional ethical finance bodies on adding an Islamic finance dimension

Highlights

Launching the first global partnership between Islamic finance and the Church of Scotland with the aim of creating a new financial model available to everyone regardless of religious or ethnic background

Winning the prestigious Islamic Finance Industry Development award at the Ethical Finance Innovation Challenge Awards 2015 (EFICA) which recognised the UKIFC’s work in promoting Islamic finance to non-Muslim stakeholders and jurisdictions

Initiating the Edinburgh EFRT, a leading ethical finance discussion platform, bringing together senior stakeholders (from academia, banks, asset managers, faith groups, government and third sector bodies) with the aim of promoting a fairer and more socially responsible financial sector

Launching Europe’s first dedicated Ethical Finance Hub to bring together practitioners and other participants in ethical finance in collaboration with the Scottish Government and Heriot-Watt University

Working in partnership with a global event’s organiser to host around 250 leading industry experts from across the globe at the inaugural Global Ethical Finance Forum, held in Scotland

Bringing together religious scholars and financial practitioners at the first ever Interfaith Ethical Finance Round Table, held at the House of Lords with Archbishop Justin Welby

Endorsements

“The UKIFC has successfully acted
as the convenor of the Edinburgh based Ethical Finance Roundtable series – a leading platform for discussing ethical finance that has commanded universal support. They are creative and valuable partners in the maintenance and enhancement of both the Islamic and ethical financial services industry.”

Sir Ewan Brown, Chairman,
Scottish Financial Enterprise