KUALA LUMPUR, Oct 10 (Bernama) — Malaysian Green Technology and Climate Change Corporation (MGTC) announced the World’s First Shariah-compliant Green Venture Capital Fund with Ficus Capital – a reputable investment firm focusing on Environmental, Social and Governance (ESG) and Islamic investments. YB Dato’ Sri Huang Tiong, the Deputy Minister of NRECC, led the official launch ceremony of the World’s First Shariah-compliant Green Venture Capital Fund known as the Greentech Fund. The launching ceremony was held at the International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM 2023) at the Kuala Lumpur Convention Centre.
The primary objective of the Greentech Fund is to channel investments into green technology projects and enterprises that contribute to Malaysia’s ambition of achieving net-zero greenhouse gas emissions as early as 2050. The setup adheres to Securities Commission rules for Sustainable and Responsible Investment, which mandate that the fund incorporate sustainability considerations such as the Sustainable Development Goals (SDGs) or United Nations Global Compact (UNGC) Principles.