Under the Patronage of

Ethical Finance: Merging Profit & Purpose

Convened by

Hosted by

Strategic Partner

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The Vision

The Global Ethical Finance Forum is an initiative of Middle East Global Advisors and the UKIFC, two leading institutions spearheading the agenda of sustainable and inclusive economy and of building connections with the broader ethical finance industry. The forum was a response to the growing interest in collaboration and convergence between stakeholders across the entire ethical finance universe only a mere few years after the Global Financial Crisis of 2008-9 demonstrated the need to reconsider the role of ethics in finance.


The global ethical finance industry constitutes approximately USD 22.89 trillion worth of assets under management, an increase of 25% from 2014. However, this is seen institutions and assets within developed markets. Ethical finance is on track to developing its global value proposition. However, catalyzing the wider adoption requires concerted efforts to build meaningful dialogue between the two main areas of ethical finance: one segment that integrates environmental, social and governance (ESG) factors, and Islamic finance which is expected to rise from USD 2 trillion to USD 3.5 trillion by 2021. There is a unique opportunity for ethical finance players in developed markets to connect with the Islamic/faith-based financial sector which enjoys a strong foothold in Muslim-majority emerging markets.


At its inaugural edition in September 2015, the vision ascribed to GEFF is to become a catalyst for a new, all-encompassing form of inclusive finance that connects key stakeholders from the various ethical finance sectors and facilitates previously untapped opportunities for convergence & collaboration.


GEFF 2017 endeavors to play a critical role in enabling stakeholders from the traditional responsible and Islamic finance sectors to forge and nurture new relationships aimed at building cooperation across sectors and geographies.





Dialogue across worlds (from Left to Right):

Humza Yousaf MSP, Minister for Europe & International Development of the Scottish Government, His Royal Highness Emir Muhammad Sanusi II, Emir of Kano, and Dr. Zeti Aktar Aziz, Governor of Bank Negara Malaysia, inaugurating the exhibition for GEFF 2015.


Our Host: Scottish Government

Scotland is the ideal destination for the historic talks across ethical finance divides due to its strong heritage in ethical finance and the creation of financial institutions such as Scottish Widows. This dates back to a rich financial heritage that includes the development of savings banks by Henry Duncan and the development of the mutual assurance industry, in which Scottish firms were amongst the early pioneers. This model was also used as the blueprint for the early Islamic banking attempts in the 1960s, which makes it particularly poignant that this new initiative in being led in Scotland.


Notable recent developments in Scotland include the launch of the Scottish Ethical Finance Hub (SEFH) to aid SMEs seeking ethical financing, as well as the active role of the Commissioner for Ethical Standards in Public Life and the Scottish Goldsmith Trust in encouraging sustainability. Collectively these are testament to a commitment to safeguarding the interest of people and their social environment in Scotland.




Provide a platform for dialogue between the key stakeholders in the various subsets of the industry


Help in strengthening the industry as a whole and support its effort towards becoming mainstream


Creation of common guidelines, standards and principles for facilitating products that appeal to the broader responsible finance industry


Make the responsible finance industry more cohesive by bringing together the various subsets of the industry


Explore and identify the opportunities locked in convergence and collaboration within the industry


Promote the benefits of responsible finance to policy makers, asset managers and owners, other financial institutions and the general public


Facilitate the transfer of the best practices from the developed markets & highlight the growth opportunities in the emerging markets for responsible finance

Highlight the latest research and initiatives in responsible finance industry

Support joint research effforts between the various segments to facilitate crossovers

The Theme

“Ethical Finance: Merging Profit & Purpose”

The theme for GEFF 2017 is “Ethical Finance: Merging Profit & Purpose”, reflecting the spirit of convergence and collaboration across the responsible finance universe, as well as a call for a more inclusive financial sector, that inspired the inaugural forum back in September 2015.


GEFF 2015 was historic for inaugurating a dialogue where one did not exist before—between Sustainable, Responsible and Impact Investing (SRI), Environmental, Social and Governance (ESG), and Islamic/faith-based Finance. Nonetheless, these discussions are in the early stages of encouraging the mainstreaming of ethical finance. Further, whilst these 3 segments share the same values-based approach, they are separated by boundaries of geography, perception and methodology. There is much work to be done to bear the fruits of these nascent connections.


The discussions at GEFF 2017 this September are also occurring in the context of unprecedented political and economic times. Political developments in the US, UK and Europe have sparked domestic debates about the forces of globalization and protectionism, with ultimate roots found in financial deregulation that has been occurred since the 1990s and well into and past the Global Financial Crisis of 2008-9. Certain segments of society feel they have missed out on the benefits of globalization, culminating in protests in the UK and US against the financial elite and professional classes.


As traditional ESG investors broaden their scope geographically (which in some places requires providing a Shariah-compliant offering), adopt things like the leverage-limiting ‘prudence’ screens from Islamic finance and as the Islamic finance adopts positive screening, there is much work to do marry the ethical underpinnings of responsible finance with profit motivations. GEFF 2017 will build on developments in responsible finance since September 2015 and forge a roadmap for the future trajectory of ethical finance.

Key Moments from GEFF 2015

The inaugural Global Ethical Finance Forum – September 2015

Hosted by the Scottish Government in September 2015, the inaugural Global Ethical Finance Forum was a defining gathering of the most distinguished leaders in the Responsible Finance Industry. Aimed as serving as a bridge to connect emerging markets with the developed ones, GEFF attracted players from across the ethical finance universe:

  • Sustainable, Responsible and Impact Investing (SRI)
  • Environmental, Social and Governance (ESG), and
  • Islamic/faith-based Finance

Whilst these 3 segments share the same values-based approach, they are separated by boundaries of geography, perception and methodology.

GEFF 2015 was both timely and topical. The financial crisis of 2008-2009 highlighted the need for ethical finance to play a more significant role in the overall financial system. One of the key factors in the financial crisis was the decoupling between systemic risks being taken by the financial sector and the benefit it provided to the non-financial economy. In short, the disconnect between individual and societal returns was accentuated by and was also a cause of unethical behavior that were only recognized after they had wrought significant damage to the financial sector and the global economy.

GEFF was premised on the idea that convergence and collaboration will facilitate towards the mainstreaming of ethical finance. The esteemed Forum hosted critical conversations across several worlds – ESG, SRI, UNPRI, Islamic finance and other Responsible Finance Services Sectors. GEFF was conceived to reinforce the ethical finance movement, one edition at a time.


The Forum attracted distinguished leaders from around the world – ranging from Ministers and Central Bank Governors to CEOs of multibillion dollar asset managers, world's largest ethical banks, multilateral institutions, and leaders in research, amongst others.


Global leaders at the keynote
Global leaders at the keynote plenary session

Prominent Economic Historians
Prominent economic historians discussing the role of ethics in finance

Key Features


Bespoke Content

The content is crafted by a panel of leading experts in the industry aided by quality research on the industry's most pressing issues.


Impressive Line-up of Speakers

The forum will gather dignitaries, policy makers, practitioners, global though leaders and academia from across the world providing a truly global experience.


Interactive Experience

Unique features such as Live Voting on key issues and the interactive Web Connect App aim to provide a truly immersive experience for participants.


Thought Leadership

Partnering with world leading research firms, the forum helps in providing fresh perspectives and thought leadership to the industry.

Stakeholder Engagement

The forum has secured the patronage of the Scottish Government as the official host of the forum which will help in supporting the ethical finance industry.

Civic Reception

The forum will conclude with a reception hosted by the Scottish Government at the historic and famed Edinburgh Castle.

Some of our distinguished speakers at GEFF 2015 included:

His Royal Highness Emir Muhammad Sanusi II
Emir of Kano
Keith Brown MSP
Cabinet Secretary for Infrastructure, Investment & Cities
Scottish Government
Humza Yousaf
Minister for Europe and International Development
Scottish Government
Lord Mohamed Sheikh
Baron Sheikh of Cornhill
Jaseem Ahmed
Secretary General
Islamic Financial Services Board (IFSB)
Dr. Zeti Akhtar Aziz
Former Governor
Bank Negara Malaysia
Peter Webster
Chief Executive Officer
Ted Roosevelt Malloch
Professor and Senior Fellow in Management Practice
University of Oxford


Press Release 22May
Scotland to host historic dialogue between global leaders in ethical finance

2nd edition of Global Ethical Finance Forum (GEFF) taking place in Edinburgh this September to convene leaders from Banking, SRI, ESG and Islamic finance, hailing from both developed and emerging markets.

Read more
News 18May
Ethics, Faith & Finance - are they inextricably linked?

Plenary session at GEFF 2017 to address how ethics should redeem its integral role within finance, beyond being just a convenient addendum.

Read more
News 15May
GEFF Early Bird Rate expires on 12th June 2017

Register now to avail an exclusive 30% discount!

Read more

Who is Attending?


Supporting Partner



Previous Partners


Our Partners for GEFF 2015 include:



Media Partners

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The Global Ethical Finance Forum is an initiative of ME Global Advisors and the UKIFC, two leading institutions spearheading the agenda of sustainable and inclusive economy and of building connections with the broader ethical finance industry.