Landsbankinn, heredero del antiguo Landsbanki que habia lanzado las cuentas Icesave y actualmente el banco mas grande de Islandia por valor de activos (Autoridad Supervisora Financiera de Islandia (FME), 2011), quedo nacionalizado ya que el Gobierno tiene el 81 % de la propiedad de la entidad (ISFI, 2010:20).
Ademas de la nacionalizacion total de Landsbankinn y de una presencia menor en Arlon y Islandsbanki, el Estado controla cuatro de las diez cajas de ahorros y esta presente tambien en una quinta (ISFI, 2010).
ISFI (2010): Report on the activities of ISFI in 2010, Icelandic State Financial Investment.
, firms currently seeking to undertake Islamic finance business are able to apply to the Regulatory Authority for authorisation to:
The emergence of ISFI began with the success of 'the First Steps to become Sustainable Bank' pilot project initiated by Indonesia's Financial Services Authority (OJK) in 2015 with technical assistances from WWF-Indonesia.
ISFI is a genuine market-led initiative by the financial services industry that aspires to support the implementation of Sustainable Financial Roadmap and OJK's Regulation (POJK) Number 51 and Number 60 Year 2017 on Sustainable Finance Principles Implementation and Green Bond as the underlying regulation.
Following the First Movers steps, ISFI aims to strengthen organizational capacity, particularly environmental, social and governance risk management.
"ISFI is aimed at seizing new business opportunities and driving the implementation of an inclusive sustainable finance aligned with government targets on sustainable development and the Paris Climate Agreement", said Suprajarto, Executive Director of PT BRI Tbk who is currently serving as Chairman of ISFI.
Based on the terms of the agreement, the ISFI
and Euro Helix would provide LTL with the techniques and basic equipment and would guarantee the purchase of the entire production from the Lebanese farmers, so long as they meet internationally set criteria.