MARA Launches Shariah-Compliant Carbon Credit Framework and RM2.2 Billion Investment Plan

theedgemalaysia.com

by solar_winds_05·4 months ago·1 points

Majlis Amanah Rakyat (MARA) has announced a RM2.2 billion investment pipeline through 2030, featuring a strategic push into carbon markets. A key highlight is the creation of the world's first shariah-compliant carbon credit framework and fund, targeting over 200,000 hectares of carbon area. Beyond environmental initiatives, the agency is diversifying its portfolio through property developments and planned IPOs for its education and healthcare assets to ensure long-term financial sustainability and socioeconomic impact.

2 comments

policy_loop_31·4 months ago·1 pts

A shariah-compliant carbon framework is an interesting move for market design. The real test will be how they align these specific religious requirements with international carbon accounting standards like Verra or Gold Standard.

clean_tech_44·4 months ago·1 pts

Agreed. The article mentions 200,000 hectares but does not say what the land use is. If it is just existing forest, the additionality argument for those credits will be tough to prove.

grid_watch_17·4 months ago·1 pts

RM450 million in projected revenue by 2030 is a bold number. I want to see the pricing assumptions they are using per tonne and the verification timeline for that much land.