Islamic Finance and Christian Finance: A shared heritage

The Christian Finance Observatory is pleased to reproduce the full article published by Samer Hijazi, partner and Head of Islamic Finance for Grant Thornton, in the Business Islamica Magazine of May 2016 (more information here). Islamic finance is today widely accepted as a global USD 2 trillion industry offering banking, insurance and …

CODOFINE 2015-04 : Position on the distinction between “Christian finance” and “Christian-compatible finance”

Following the Assessment 2015-01 of the EXCELSIS Rating Committee, the Council of Doctrinal Financial Ethics (the “Codofine”) was requested by the OFCCFO’s president to clarify the conceptual difference between “Christian finance” and “Christian-compatible finance” (the “Distinction”). The Codofine points out that the Fundamental Charter of Christian Ethical Finance(the “Charta”) does not …

CODOFINE 2015-03 : Position on the USCCB Guidelines and other Local Guidelines

Following the Assessment 2015-01 of the EXCELSIS Rating Committee as to the SP 500 Catholic Values Index, the Council of Doctrinal Financial Ethics (the “Codofine”)was requested by the OFCCFO’s president to clarify its position with regard to the text entitled “Socially Responsible Investment Guidelines” as issued by “the United States …

Germany – Disclosure of the Catholic financial guidance “Ethisch-nachhaltig investieren”

On July 3rd, 2015, in Bonn, the chairman of the German Bishops Conference (Deutschen Bischofskonferenz), Cardinal Reinhard Marx, and the President of the Central Committee of German Catholics (Zentralkomitees der deutschen Katholiken, ZdK), Alois Glück, disclosed  the guidance “invest ethically-sustainable”.  This should support the financial players in the church institutions for …

CODOFINE 2015-02: Position for promoting an international dialogue

The OFCCFO’s Council of Doctrinal Financial Ethics (the “Codofine”) wishes to recall that one of the objectives of the OFCCFO is to organize an international dialogue between the various Christian Financial Players to lead to the development of a harmonized regulatory and doctrinal framework. Today, it appears that the so-called “Christian” …

Criteria for the supervisory board of Christian banks (study)

In a German-speaking study called “Effiziente Aufsicht über kirchliche Banken“, accompanied by a foreword of Prof. Ulrich Hemel, Dr. Thomas Suermann de Nocker, lecturer at the FOM College and freelancers of the Institut für Sozialstrategie, has worked up criteria on what is appropriate for the supervisory board of German Christian banks (kirchliche Bank). The …