ESG & Shariah Blake Goud ESG & Shariah Blake Goud

Shari’ah screens complement ESG integration by investors in Emerging Markets

In a new report released with Refinitiv, the RFI Foundation has extended analysis done earlier with INCEIF to investigate the impact of combining Shariah and ESG screens. The new research applies the same methodology and data source with more recent figures covering the period immediately prior to the start of the COVID-19 pandemic through late 2022, focusing only on companies located in Emerging Markets. The new results show a convergence in the general trends similar to that identified for developed markets in the earlier sample.

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