XTCC Launches Shariah-Compliant Carbon Credit Investment Ecosystem

XTCC, a prominent investment ecosystem specializing in high-integrity carbon credits, has unveiled the world's first Shariah-compliant multi-currency asset class of high-integrity carbon credits. These credits originate from validated projects like renewable energy, nature-based solutions, and blue carbon, offering Islamic finance investors an opportunity to engage in the expanding carbon credit market.

By providing Shariah-compliant investments in high-integrity carbon credits, XTCC enables participation in the potential growth of the global carbon credit market. This initiative empowers corporates, wealth managers, banks, and investment funds to invest confidently, supporting the journey towards achieving net-zero goals.

XTCC has secured certification for Shariah compliance from Yasaar Research Limited and strictly follows the ISDA/IIFM Master Agreement, ensuring the highest levels of Shariah compliance. The introduction of a stock market quoted price for high-integrity carbon credits marks a significant milestone in the capital markets.

Under the Shariah compliance guidelines, XTCC includes only high-integrity carbon credits that adhere to IOSCO’s 21 Good Practices and ICVCM’s Core Carbon Principles, emphasizing genuine and verifiable climate impact. Additionally, XTCC discloses its alignment with UN Sustainable Development Goals and ISO14064 standards.

Dr. Scott Levy, the Founder of XTCC, highlighted the significance of this Shariah-compliant investment product in bridging Islamic finance with the demand for high-integrity carbon credits. Yasaar's certification ensures that XTCC's investment offerings meet the stringent standards of Islamic finance, promoting ethical and financially prudent investment decisions.

Renowned carbon market expert Kevin Iwanaga commended XTCC's initiative as an innovative financial solution to tackle climate challenges. With the pressing need for climate finance, XTCC's Shariah investment products are crafted to attract new investors and amplify global capital flows in carbon markets.

As the world's first stock market quoted investment ecosystem for high-integrity carbon credits, XTCC aims to establish fair market value for these credits and facilitate investments in sustainable projects. By providing Shariah-compliant investment products, XTCC contributes to closing the climate finance gap and propelling progress towards a net-zero world.

For further details about XTCC and its Shariah-compliant investment products, please visit the official website or reach out to the Investor Relations team.