Interfaith finance initiative set for Lords discussion

A pioneering interfaith project looking to foster a more ethical financial system is to move a step closer on Monday at a private round table discussion to be held in the House of Lords.

Rev Dr Richard Frazer said the interfaith plans for a more ethical finance system were 'hugely exciting'. Picture: Neil Hanna

The Church of Scotland and the Islamic Finance Council UK are convening the meeting of faith leaders, parliamentarians, and key names in finance to agree a shared ­values framework, the first of its kind globally, on which a wide-ranging financial solution will be developed.

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Rev Dr Richard Frazer, convener of the Church of Scotland’s Church and Society Council, said: “Two of the most important tasks that we face as a society are developing a ­fairer and more sustainable economy – one which has a passion for equality at its heart – and building stronger relationships across faith communities. This initiative does both and it is hugely exciting to be a part of it.”

The framework is expected to be announced in early 2017.