IslamicFinance.de

Agents of Impact aligned with Catholic, Jewish and Muslim institutions found common ground in using capital to usher in a fairer economy. Last month, the Catholic Impact Investing Collaborative announced a half-dozen institutions with $40 billion in assets have signed a “Catholic impact Investing pledge.” The Catholic impact pledgers are among a number of Catholic institutions carving out portions of their portfolio for direct, private impact investing strategies. Billion-dollar Catholic Relief Services allocates capital to direct investing, blended finance, technical services and capacity building. Other faith institutions are seeing impact investing as a way to complement their philanthropy. A faith-based organization that supports a nonprofit that helps poor farmers in India can complement that work by also investing in a business that buys from those farmers.