The Working Group on Islamic and Alternative Finance reimagines fiscal governance by merging time-honoured ethical finance principles with modern technological innovation. By institutionalising zakat as a structured and impactful pillar of fiscal governance and promoting sukuk as a viable, ethical alternative to interest-based debt, the Group transforms these instruments into powerful mechanisms for wealth redistribution and sustainable development.
The Working Group on Environment and Fiscal Policy envisions a fiscal framework where the intrinsic value of natural capital is not only recognised but fully integrated into public financial systems. By pioneering stategic financing instruments such as NFTs, levies, and impact investments, the Group seeks to internalise the economic benefits of ecological stewardship and embed these into fiscal decision-making. These discussions are critical in challenging how natural capital has been undervalue
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