GLOBAL: The Global Islamic Finance Impact Program for Climate, Nature and Development (GIFIP) has formalized its establishment as an independent legal entity, marking its transition from a multi-stakeholder initiative into a fully constituted global platform for Islamic sustainable finance. Incorporated as a not-for-profit company limited by guarantee, GIFIP will be governed by a board of directors led by Dr Adnan Aziz and Abdul Khaliq, with strategic oversight continuing through its advisory committee comprising organizations such as WWF International, HSBC Middle East, Standard Chartered Saadiq Islamic, Emirates Nature-WWF and Simmons & Simmons. The new structure provides an institutional home for governments, Islamic financial institutions, investors and development partners to engage with GIFIP. The platform aims to mobilize at least US$1.5 billion in Shariah-aligned capital over five years to support climate, nature and development outcomes across the Global South.
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