On 13 and 14 June the Islamic Reporting Initiative (IRI) took part in a summit in Malta to address modern-day …
The first reporting standard created specifically to enable Islamic organizations to assess and express the values that guide their organizations with sincerity and humility.
The IRI provides Islamic organizations the ability to share best practices in addressing both opportunities and risks as well as participate in collective advocacy.
The IRI is a repository of organizational sustainability data and a consulting resource, designed to build education and innovation capacity for executives of Islamic organizations, both directly and indirectly.
The IRI can enable and support the development of Islamic indices, investment strategies, ETFs and funds that drive investment capital to companies that exhibit social responsibility and sustainability.
Open public reporting is essential if business is to build and maintain societal trust. It is a key part of the commitment to the principles of the UN Global Compact. So I commend the ambitions of the Islamic Reporting Initiative; by seeking to emphasize and build on our shared values for human and environmental prosperity, the IRI will accelerate progression towards the objectives outlined in the UN Sustainable Development Goals by leveraging business potential.
Sir Mark Moody-Stuart, Chairman of the UN Global Compact Foundation
The IRI combines a deeply convincing vision with practical effectiveness. It deserves warm support and collaboration not only from Muslims but also from anyone else who cares for a sustainable economy in a healthily plural world.Professor David F. Ford OBE, Selwyn College, University of Cambridge
Islam has outlined certain fundamental principles that are in line with human rights, among others protection of life (hifz al-nafs); protection of religion (hifz al-dîn); preservation of lineage (hifz al-nasl); protection of property rights (hifz al-mâl); and protection of the mind (hifz al-aql). These principles are also stipulated in international bills of human rights, namely the Universal Declaration of Human Rights; the International Covenant on Civil and Political Rights, and the International Covenant on Economic, Social and Cultural Rights.Marzuki Darusman, Chair of FIHRRST, Association For International Human Rights Reporting Standards
The OIC is dedicated to preserving and promoting Islamic values of peace, equality, human dignity, and environmental prosperity. The IRI, in its journey towards making business responsible through the application of CSR and CSR reporting, has many values aligned with our own.
The OIC commends the IRI in its efforts in promoting economic, social and environmental prosperity in a manner that is not only impact-oriented and sustainable, but culturally relevant and responsive
Organisation of Islamic Cooperation (OIC) – the collective voice of the Muslim world
To me, the IRI presents an exciting solution; aspiring to be a starting point and platform for change, the IRI’s intelligent combination of cultural values and technological advancement is the future of CR and CSR reporting.
In a nutshell, I wish I had had this tool years ago.Dr Faisal Al-Hothali, Former Head of the CR Program, The World Bank
We commend the IRI for their support in creating a business tool for employers, underlining that CSR is a serious business for all, irrespective of country, religion, culture, tradition and history.Linda Kromjong, Secretary-General of the International Organisation of Employers