Wahed Technologies Sdn Bhd (Wahed) is renewing its pledge to embrace Environmental, Social and Governance (ESG) business practices and commits to building a sustainable future.
Wahed, a leading global Islamic fintech company, announced today that it is renewing its commitment to embrace ESG practices in its operations. The company recognizes the importance of sustainability and is taking proactive steps towards building a more sustainable future.
ESG practices have become an increasingly important element in today’s business world, as customers, investors, and stakeholders demand more transparency and accountability from companies. Wahed views these factors as key indicators of a company’s long-term sustainability, as they take into account the impact of business activities on the environment, society, and corporate governance.
Wahed is now therefore committed to integrating these practices into its business operations and decision-making processes. The company has already taken several initiatives towards this goal, including working in a sustainable and environmentally conscious work area.
This is in continuation of Wahed’s commitment in this effort, after the launching of the Nasdaq’s first Shariah-compliant and ESG-aware ETF, the Wahed Dow Jones Islamic World ETF.
Junaid Wahedna, CEO & Founder of Wahed Invest Inc. said “Embracing ESG practices is not only the right thing to do for the environment and society, but it is also crucial for the long-term sustainability and success of our business. It is also very consistent and in line with the Shariah principle, of which Wahed was built upon. We are committed to building a sustainable future and creating value for all our stakeholders.”
By embracing these practices, Wahed aims to reduce its environmental footprint, promote social responsibility, and enhance corporate governance. The company believes that its commitment to ESG practices will not only benefit the planet and society but also contribute to its long-term financial performance.
Concurrently, Wahed is also announcing that it is launching its Malaysian Headquarters at Bluedome Mines, an office complex which will allow for further expansion as the company grows its footprint in the region and doing so sustainably.
Bluedome Mines is an established entrepreneur hub that fits well with Wahed’s ideals and will be a focal point for the company’s on-going efforts to expand its regional reach.
Wahed has been engaging with Sapura Resources Bhd (SRB), the owners of Bluedome Mines on the opening of the HQ. With the increasing market take-up performance of Wahed, there is a need to build an office space that can support Wahed’s growth sustainably.
Juliana Abu Bakar, Country Head of Wahed Malaysia said “Wahed is excited to further our role in this space, this includes introducing products and services that support this agenda. Moving our headquarters to a sustainable-working environment such as Bluedome Mines ensures that our goals are consistent in every aspect of the business.”
Wahed Malaysia’s HQ at Bluedome Mines enables them to offer great collaborative spaces for events and future projects that we have planned. Bluedome Mines’ Entrepreneurship Centre enables partners to work with like-minded community builders, entrepreneurs and organisations to build value collectively.
Dato Shahriman Shamsuddin, Managing Director for Sapura Resources Berhad said, “Sapura’s Bluedome Mines is a Shariah-focused Entrepreneurship Centre that places sustainability as the core proposition for our partners. These shared core values enable us to foster a collaborative partnership with each other, and jointly tap the wide SME and Mass Market segment to allow them to meet our partner’s sustainability objectives.