VBIT and VBI: a long-term response to sustainable takaful?
The sustainability agenda has increased in prominence as climate change wreaks havoc across vulnerable areas globally. Over the last two decades, the substantial increase in weather-related events, human displacement, and loss due to conflict and contagion have nudged global leaders to drive more sustainable policies for a better world. Financial institutions, as funders of the largest contributor to climate change, the industrial complex, have also been required to adopt sustainable policies through several responsible, ethical or Environmental, Social, and Governance (ESG) frameworks such as 6 United Nations Principle for Responsible Investment (PRI), 17 United Nations Sustainable Development Goals (SDGs), etc. The significant cost of damages has been increasing exponentially.
Value-based intermediation (VBI) , Value-based intermediation for takaful (VBIT) , Sustainability , Takaful
Mahomed, Z. (2021). VBIT and VBI: a long-term response to sustainable takaful? IF Hub, 2 (September 2021), pp. 9-15.