UpEffect

In September, UpEffect and Wholesum launched the inaugural Islamic Impact Investing Conference, bringing together over 70 attendees, including wealth managers, scholars, Islamic finance leaders, social entrepreneurs, impact investors, students, and alternative finance enthusiasts.

We can see that today’s Islamic finance faces challenges in fully living up to its founding principles. Despite growing interest in ethical finance, Islamic impact investing remains underdeveloped. Even with limited data, impact investing makes up only a small portion of the Islamic banking and finance sector’s $3.9 trillion in assets.

While billions flow into traditional Islamic investment products, very little reaches social enterprises delivering measurable social or environmental outcomes or real-economy trade. These solutions are often at the forefront of serving community needs.

In partnership with Wholesum, we wanted to explore one idea: Muslims view wealth as a trust - how can it be used to advance an economy rooted in justice, ethics, and social impact?

A heartfelt thank you to our incredible attendees, inspiring speakers, supportive partners, generous sponsors, and dedicated volunteers — they made this event possible. You can learn more about their work in the comments ⬇️

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Bastions of social good have stood in silence as Palestine has been bombed senselessly for 32 days. What chance does the social enterprise and tech sector stand if we don’t have the courage to speak against an active genocide? Our full statement 👆🏽🍉

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