Ethical Funds, Economic Growth & Public Goods: A Shariah Perspective
According to the Global Banking & Finance Review, Ethical Funds in a space of a decade have outperformed other investment funds, as investors are directing their money in more niche ways, from faith-based to value-based funds.
Ethical funds have been described as catalysts for wealth creation and economic value for investors especially in frontier markets like Nigeria.
This edition of the Islamic Finance Weekly anchored by Bukola Akinyele-Yisau features Dr. Yusuf Adeneye, Senior Lecturer, Universiti Malaysia Kelantan. He speaks on "How Ethical Funds Are Creating Wealth and Economic Value in Nigeria".
Looking at how Nigeria should take greater advantage of the enormous funds mobilized by ethical funds in 2022.
He identified the need for government to look locally by issuing the ethical funds through Sukuk or green bonds, which will help in reducing the stress of implementing and carrying out public projects like infrastructure.