Espresso: Artificial intelligence beats US lawyers!

Image : LawGeex - What is the context? We are seeing disruption across multiple industries by increasingly sophisticated uses of Artificial Intelligence. The field of law is no exception! - What is the study about? 20 top US corporate lawyers with decades of experience in corporate law and contract review competed against an artificial intelligence program … Continue reading Espresso: Artificial intelligence beats US lawyers!

Impact investing : A wonderful opportunity for Islamic finance !

Image : abras.com.br 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 … 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, 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: General presentation of green, social and sustainable bonds mostly based on international standards such … Continue reading Green, social and sustainable financing: A draft guide by the Moroccan Securities Commission that needs improvement

Creating social impact is good. Measuring it is better!

Today’s social entrepreneurs and impact investors are concerned not only with contributing to creating social impact, but also with making sure the impact created is sizable, measurable. From an entrepreneurial perspective, measuring output, outcome and impact enables a deeper understanding of the value chain and its components. More importantly, a social entrepreneur needs to be … Continue reading Creating social impact is good. Measuring it is better!

Waqf and the healthcare system: Can we do better?

Waqf and the Bimaristan system From the 8th to the 12th CE centuries, healthcare in the Muslim world reached a level of excellence unsurpassed in previous history. During this period, great physicians and pharmacologists created a remarkable corpus of knowledge and made important contributions to medicine. ‘Bimaristans’ (hospitals) were also impressive. The Al-Mansouri Bimaristan in … Continue reading Waqf and the healthcare system: Can we do better?

Achieving Sustainable Development Goals: Why financing social entrepreneurs matters?

Image : 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, … Continue reading Achieving Sustainable Development Goals: Why financing social entrepreneurs matters?

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

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

Value Based Intermediation: Malaysia showing the way forward

On March 12th 2018, Bank Negara Malaysia (BNM) published an updated version of a strategy paper entitled “Value-based Intermediation (VBI): Strengthening the Roles and Impact of Islamic Finance”. The 36 page-document defines VBI as « An intermediation function that aims to deliver the intended outcomes of Shariah through practices, conduct and offerings that generate positive and … Continue reading Value Based Intermediation: Malaysia showing the way forward