| Like traditional socially responsible investing, Islamic finance has tended to focus on excluding ‘sin’ businesses rather than making a positive impact. Because lending money on interest and sale of risk are widely considered to be prohibited in Islamic finance, it is concerned with the structure and not just the purpose of financing.
Academic literature and news reports suggest growing interest in Islamic finance in making and measuring positive impact, such as through micro finance and this rapidly growing sector is also a possible source of growth for impact investing...............................................Full Article: Source
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