Ethical financial services are to be created by a partnership between the Church of Scotland and the Islamic Finance Council UK. ‘We believe this is an exciting opportunity for faith groups to work together on solutions which will benefit the whole of society, regardless of faith or belief’, says the Church of Scotland.
‘In 2012 the Church of Scotland’s special commission on the purpose of economic activity identified human flourishing and the protection of the planet for future generations as two of the most critical purposes for financial interaction. Our current system has gone badly wrong, creating massive inequality and the destruction of our shared natural resources by money-making machines overtaking commerce that serves the common good’, said Rt. Rev Dr Angus Morrison, Moderator of the General Assembly of the Church of Scotland.
The project will research, shortlist, test and then establish a viable ethical finance business solution. The consultation and business plan phase is expected to last a year, with the first workshop to take place this May in Edinburgh.
For more details of the ethical financial services parnership see the Church of Scotland website.
