In the Islamic faith, stewardship and sustainability are deeply embedded principles. But how is Islamic finance fulfilling these duties?

Most Shariah-compliant equity funds focus solely on exclusion. However, this afternoon tea with Salman Siddiqui, Investment Manager at Jupiter Asset Management, discussed the idea of moving beyond a strict exclusionary, ‘halal’ approach, introducing tayyib or ‘good’ considerations into investment decisions.

In a multi-cultural society, pension funds are increasingly thinking about how they can align with a faith-based investing approach to meet wider membership needs and encourage an uplift in the number of employees opting into their scheme.

The session unpacked the considerations needed for incorporating ‘tayyib’ into investment decisions and how, through this approach, pension funds can pursue returns and ensure their investments are aligned more deeply with the spirit of Shariah guidelines.

Read Jupiter's related article

Who should attend?

This event was open to asset owners such as pension fund trustees, in-house executives and independent advisers, professional trustees, government representatives and consultants.

Sponsor

Speaker biography 

Salman Siddiqui, Investment Manager, Global Emerging Market Equities, Jupiter Asset Management

Karen Shackleton, Chair & Founder, Pensions for Purpose

Karen has worked in the finance sector for over 30 years. As well as being Founder of Pensions for Purpose, she is Chair of the Strategic Investment Board for the Ministry of Justice and a Non-executive Director and Chair of the Board of Resonance Ltd, a social impact investment company. She sits on the Advisory Council of the Impact Investing Institute.

Karen also provides independent investment advice to the London Boroughs of Islington, Camden and Hounslow through Apex Group. She was the Chief Executive/Managing Director of AllenbridgeEpic Investment Advisers from 2010 to 2013. Prior to that, she had ten years’ experience as a fund manager and director for County NatWest and BZW Investment Management (now BlackRock).

Pensions for Purpose

Pensions for Purpose exists as a bridge between asset managers, pension funds and their professional advisers, to encourage the flow of capital towards impact investment. Our aim is to empower pension funds to seek positive impact opportunities and mitigate negative impact risks.

Our Community allows members to learn from leaders in the impact investment industry. We provide a trusted environment to interact, collaborate and share knowledge. Members engage in a programme of activity to shape their strategy in ESG, sustainable and impact investments.

For more information, please email the Membership Manager.

View Tayyib Investing Slides 

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