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Faith in Capitalism Conference at the

London Central Mosque

 

In a rare collaboration between faith institutions and investment managers, the Three Faiths Forum and The International Interfaith Investment Group-3iG teamed up with CCLA Investment Management and the Fortune Group and an audience of over 100 City professionals to work out new paradigms for responsible investment. 

The tone was set in the keynote address by Mr Stephen Timms MP, Financial Secretary to the Treasury, who said, “More and more people, many motivated by faith – want to know their money is making a positive contribution to the world as well.  They want to know that their investments, as well as delivering financial returns to them, will have a positive impact on the world – helping to solve problems like world poverty, climate change, deforestation, human rights and child labour, or at least not making them worse”.

Dr. Ahmad Al-Dubayan, Director General of the Islamic Cultural Centre, opened the ground-breaking conference, praising the work of the Three Faiths Forum; Sir Sigmund Sternberg responded, expressing his appreciation to Dr. Ahmad Al-Dubayan for his support and co-operation in this and other shared endeavours in interfaith relations.  “The election of two BNP leaders to the Parliament must speak loudly to us and urge us on to even closer fellowship and joint action to safeguard our precious democracy”, he said.

 

Mr Mark Ebert, Executive Director of the Three Faiths Forum and Chairman of the Fortune Group, told the conference that, in the post-crisis world, the balance of economic power will slowly shift from the secular West to become more widely shared, geographically and culturally, with one major consequence being that principles of faith and social exigencies will play a much bigger role in investment management,” he said.  Exploring the direction of the new demands of “thoughtful investors” was the focus of the conference, entitled, “Faith in Capitalism”.

 
 

The venue itself, the Islamic Cultural Centre of the London Central Mosque, was highly symbolic as the participants debated new paradigms for investment in the post crisis world.   They looked toward faith-based institutions for guidance in establishing thoughtful criteria for investing, searching for better, longer-term solutions in the wake of the poor performance of traditional and even “alternative” investments during the crisis.

 
 

As Katinka van Cranenburgh, Secretary General of 3iG, concluded: “Clearly there exists a wide consensus amongst the faiths that faith consistent investing is a powerful tool in reaching a more sustainable world. Therefore, more dialogue and cooperation between the faiths is key.”