IslamicFinance.de

Islamic finance seen as a real point of convergence between the East and the West. Hasan AlJabri, CEO of SEDCO Capital participated in the Global Ethical Finance Forum which was hosted by the Scottish Government and in cooperation with the UK Islamic Finance Council.
The forum which took place in Edinburgh, Scotland, brought together thought leaders and executives from the ethical finance industry to ‘discuss untapped opportunities and spur convergence and collaboration’. The forum was officially opened by Dr. Zeti Akhtar Aziz, Governor of Bank Negara Malaysia and HRH Emir Muhammad Sanusi II, Emir of Kano.

Under the title “Growing the global ethical finance industry through collaboration and convergence”, AlJabri pointed that although there are many different forms of responsible investments, Environmental, Social and Governance (ESG), Socially Responsible Investing (SRI), and Islamic Finance, they all emerge from concern about the social and environmental consequences of investment practices, and a desire to ensure that investors make a positive contribution to the societies in which they operate to create sustainable economic development.

The expectations of Sedco Capital are that its assets under management will double during the next five years due to the company's expansion into new. The expansion plans are driven by the increasing demand from Shariah-compliant investors. The investment firm established an entity in Luxembourg in July 2012 aiming to expand its reach in the Shariah-compliant private equity, real estate and commodities space. Unlike most sharia-compliant firms, which operate on a regional basis, Sedco wants to go global.