4 main faith groups have $5 trillion/ a potential key contributor to investment

On Dec 20, 2022

RELIGIONS NEWS AGENCY (REDNA) – According to a report by Saïd Business School at the University of Oxford the world’s four main religious groups share $trillion worth of net assets and have the ability to make investments aligned to their faith and towards UN sustainable development goals, challenging climate change.

One of the authors, Oxford Saïd Professor Alex Nicholls, said the research would help mobilize faith-based capital in philanthropy, impact investing, and environmental, social, and governance funds.

Advisory Board member Omar Shaikh, Director and Board member of the UK Islamic Finance Council, said faith-based finance is a potential key contributor to tackle climate change as many faith communities have similar views on stewardship and interconnection with the earth.

The research mapped 350 organisations in the Abrahamic and Dharmic traditions and found the following investment levels:

Christian aligned capital – $260 billion
Islamic sovereign capital – $3 trillion
Islamic private finance capital – $1 trillion
Dharmic capital – $300 billion
Jewish capital – $16 billion