Impact investments in today’s world assume great significance as they come with an explicit intention by the investors to make a positive impact on the society. Conventionally, impact is measured in the context of the UN SDGs. Multiple organisations in the past have taken up the task to measure the impact of projects based on the SDG framework with varying degrees of success. While these initiatives among several others involve fairly elaborate exercises at measuring the impact of projects and companies on the people as well as on the planet, the results may or may not be very relevant from an Islamic perspective. The Confluence Initiative is seeking to address this challenge. The project has been selected to participate in the FIKRA Islamic Fintech Accelerator Programme for Cohort 2021, jointly offered by the Securities Commission (Malaysia) and the UN Capital Development Fund.
With alternative tools/metrics for measurement of impact (e.g. environmental impact through carbon footprints or healthcare impact through ambulance miles), the IBF Confluence platform measures and converts such impact into social cryptos. Projects can earn/liquidate such cryptos representing types of impact at an Exchange to alter their risk-return-impact profile in the market. For details on the exchange mechanism, click here.
Open an IBF13 account with us. For every tree you plant, we credit green cryptos to your account. Each green crypto has a value derived from corresponding carbon savings in dollar terms. Through our Impact Exchange you will be able to manage your digital green portfolio by earning/buying more green cryptos or selling/transfering some to a buyer using IBFx – our flagship crypto – as the medium of exchange. Click below for more information on our maiden partnership with Green Waqf Indonesia.
Open an IBF03 account with us if you are a healthcare provider with an ambulance service. For every mile or kilometer your ambulance assets cover in providing emergency healthcare, we credit blue cryptos to your account. Through our Impact Exchange you will be able to manage your digital ambulance miles portfolio by earning/buying more blue cryptos or selling/transfering some to a buyer using IBFx – our flagship crypto – as the medium of exchange.
Click below for more information on our maiden partnership with Dompet Dhuafa Republika Indonesia.
Open an IBF07 account with us if you are a project owner that provides affordable clean energy for all. We convert alternative metrics – quantum of energy output as well as dollar investment required – into yellow tokens and credit to your account. Through our Impact Exchange you will be able to manage you digital renewable energy output portfolio by earning/buying more yellow cryptos or selling/transferring some to a buyer using IBFx – our flagship crypto – as the medium of exchange. When you provide affordable clean energy to masjids and madrasas you “double” your impact by addressing an important Shariah goal (MaS) of protection and nurturing of faith. Click here for more information on our maiden project in this space with Green Manara India.