RHB: Uncover Big Opportunities in Shariah-ESG Investing

Kuala Lumpur – RHB Investment Bank highlights the increased global popularity of Shariah and ESG investing as well as its differentiated and untapped opportunities in Malaysia through the second session of the When Shariah Meets ESG conference. The event is hosted in collaboration with Bursa Malaysia and Themed ‘The Next Level’. “We continue to see Shariah-ESG investments gain prominence amongst the local and global investing fraternity. Based on the Global Institutional Investor Survey 2021 conducted by Ernst & Young, it was found that 90% of investors are already factoring in ESG-performing companies in their investment considerations, while 74% of investors are divesting their investments from companies with poor ESG ratings. “In addition, asset managers globally are generally expecting for ESG-related assets to increase to USD33.9 trillion by 2026, whereby 21.5% of total global assets under management (AUM) would be ESG-related in less than five years. A median 5% Increase In Salaries Expected Next Year Overall median salary increments projected to hit 5% in Malaysia next year, up from 4.8% this year and dissatisfaction with pay a key driver of higher voluntary attrition rates in 2022 Business NewsNews Admin “From an Islamic finance perspective, Malaysia’s Islamic Capital Market has doubled in size over the past decade, with latest reports indicating shariah-compliant assets standing at RM2.3 trillion as at the end of 2020. This underlines the potential of the combination of Shariah and ESG investing, which promises to perform better against the broader market,” says Mohd Rashid Mohamad, Group Managing Director/Group CEO of RHB Banking Group. He says through RHB’s “When Shariah Meets ESG” conference, the bank continues to promote deeper engagement amongst relevant stakeholders in line with the wider initiatives by relevant authorities, to further grow the Shariah-ESG investing industry. “This brings greater focus on how Shariah investing, coupled with ESG…

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