KUALA LUMPUR: Sultan of Perak Sultan Nazrin Shah has called for restoring humanity in finance, emphasising the importance of balancing economic growth with environmental stewardship and social inclusion.
"It means that the pursuit of profits must be tempered by a recognition of our collective responsibility to protect our environment and better serve society at large,” the Perak ruler said in his special address titled “Restoring Humanity in Finance” during the roundtable on Saturday . His Royal Highness also cited the global financial crisis as a period during which Islamic financial institutions fared better due to their more stable risk-sharing model.
"We must urgently direct all our efforts, all our expertise and skills, towards making our global community kinder and more humane,” he said. Sultan Nazrin also highlighted the growing significance of Islamic finance in global markets, noting that the industry has grown by 10 per cent annually between 2013 and 2023, with projections of it reaching US$6.67 trillion by 2027.