{
  "id": 7039903,
  "title": "Islamic finance principles can lead way in sustainable investment, says Sultan Nazrin",
  "url": "https://urgent.news/2026/09/13/islamic-finance-principles-can-lead-way-in-sustainable-investment",
  "topic": "world",
  "section": "World",
  "published": "2026-09-13T01:30:20.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/economy/2026/09/1531514/islamic-finance-principles-can-lead-way-sustainable-investment"
  },
  "original_language": "en",
  "account": "The principles of Islamic finance can lead the way in sustainable investment, according to Sultan Nazrin Muizzuddin Shah, the Sultan of Perak. In a world grappling with the climate crisis and needing to mobilise vast amounts of capital, private capital is essential to fund the transition to a resilient and sustainable future. However, private capital often prioritises immediate gains and certainty, which the principles of Islamic finance can address.\n\nIslamic finance is rooted in real-world economy, ensures capital serves productive and beneficial ends, shares risk rather than shifting it to others, and forbids reckless and harmful practices. These principles make it particularly well-suited to sustainable investment. Sultan Nazrin called for sukuk structures, waqf-based mechanisms, and green and blue financing instruments, positioning impact ahead of commercial convenience.\n\nHe urged for a financial industry that innovates boldly and accurately prices climate risk, modelling it on Islamic finance. The Ruler noted that what much of the world recently began to call responsible finance, the Islamic tradition had long regarded as finance conducted properly. In this context, responsible investment plays a key role in funding innovation, particularly in clean energy, efficient agriculture, water management, and resilient construction. The pace of technological advancements in these fields is remarkable, with wind, solar, and other renewables overtaking coal as the world's leading source of electricity by 2025. Sultan Nazrin sees this as a sign of progress and cause for optimism.",
  "summary": "Bernama",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}