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Fortune

Angelica Ang

Islamic finance principles ‘align naturally with ESG and sustainability,’ says Maybank’s first-ever chief sustainability officer

Maybank Muslim World Bank Organization of Islamic cooperation ASEAN Economy Malaysia

(Credit: COURTESY OF MAYBANK)

Islamic finance covers roughly $2.8 trillion in assets worldwide, yet only a sliver of sustainable loans today are sharia-compliant. But Datuk Shahril Azuar Jimin, Maybank’s chief sustainability officer, thinks that gap should be easy to fill.

“Islamic finance and sustainable finance are both values-based systems,” Shahril tells Fortune. “Islamic finance emphasizes social justice, welfare, and the avoidance of harm, and these three principles align naturally with ESG and sustainability.”

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