Industry 4.0: Are we ready yet?

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The 4th industrial revolution is on everyone’s lips. After three long and scrambling revolutions, we are in the wake of a fourth one, more disruptive, more intelligent, and above all, scarier.

The story began with the first industrial revolution which started with the invention of the steam machine and steam power by James Watt. The first face of industrial activity took place with advanced mechanization and increased human, commercial and capital transfer. Less than a century later, the era of mass production accelerated with the discovery of the combustion engine and the moving assembly line. Continue reading “Industry 4.0: Are we ready yet?”

Impact investing : A wonderful opportunity for Islamic finance !

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Last August, I had the honor of facilitating a training on impact investing at the Institute of Business Administration in Karachi (Pakistan) along with experts from the United Nations Development Program, the Islamic Development Bank and IDA Capital (Turkey). The main takeaways from the training and the interaction with the participants are as follows: Continue reading “Impact investing : A wonderful opportunity for Islamic finance !”

Green, social and sustainable financing: A draft guide by the Moroccan Securities Commission that needs improvement

noor solar plant

Noor solar plant, Morocco

The Moroccan Securities Commission (AMMC), in partnership with the World Bank, published in June 2018 a guide on green, social and sustainable bonds. The guide, which seeks to encourage sustainability financing, is divided into the following parts: Continue reading “Green, social and sustainable financing: A draft guide by the Moroccan Securities Commission that needs improvement”

Achieving Sustainable Development Goals: Why financing social entrepreneurs matters?

Social Enterprise logoImage : Anglian Community Enterprise

The Word Bank has just published the 2018 edition of “the Atlas of Sustainable Development Goals”. The 17 SDGs represent the world’s most ambitious plan to promote the sustainable development of our people and planet. This must read document presents maps, charts, and stories related to SDGs. It discusses trends, comparisons, and measurement issues using accessible and shareable data visualizations. Continue reading “Achieving Sustainable Development Goals: Why financing social entrepreneurs matters?”

Islamic impact investing: Breaking the “return versus impact” trade-off paradigm

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Defining Islamic impact investing

Islamic impact investing is a sharia compliant investment that covers a range of financial instruments, in various industries and geographies and with a focus on positive impact (Table 1).

Perspective Details
sharia compliant investment Unlike a donation, there is an expectation of a return on capital with a range of possible returns. Expected returns could range from below market rate to market rate, or even to above market rates
Financial instrument An impact investment is made through many asset classes: Sukuk, Equity, Islamic bank deposits, investment in an Islamic fund
Industry and geography Impact investing can take place in many  industries (health, real estate, green energy…) and many countries/regions
Positive impact The intention to generate measureable social or environmental impact puts an explicit focus on positive impact, which distinguishes impact investing from traditional finance
Table 1. Perspectives of impact investing

The “return versus impact” paradigm  Continue reading “Islamic impact investing: Breaking the “return versus impact” trade-off paradigm”