By Akanimo Sampson
Churches are currently setting their sight on profitable business projects in a seeming frantic bid to boost their revenue.
The goal is to allocate resources which in turn will strengthen the global body of Christ and Christian values in the society.
The International Director of the Business Coalition, Rev. Timo Plutschinski (Germany) says: “We desperately need a ‘Monday Boost,’ a very strong force into finance and the marketplace in order to awake the sleeping giant of Christians who makes use of their professional work in business and investment to build church at last.”
This is bursting into the open as two significant events recently, emphasized the meaning of business and investment for church and ministry development.
The Business Coalition of the World Evangelical Alliance (WEA) invited experts from 16 countries around the globe to gather at the Joshua Church in Hamburg and strategise commonly about synergies of business, church and investment.
Speakers such as Doug Spada (USA), Prof. Vishal Mangalwadi (India), Julia Profeta Johansson (Brazil), Chris Conant (USA), Dr. Richard Higginson (UK) and others inspired the participants towards a holistic perspective in order to build God’s Kingdom together.
There are various different terms including, Spiritual Venture Funds, Kingdom Impact Investments or Faith in Finance initiatives.
The same approach was valid a few weeks later when investors, asset managers, developers and church representatives met at the World Council of Churches in Geneva in order to bridge the gap between faith and investment.
The conference which was entitled “FaithInvest: Impactful Cooperation” was sponsored by the Geneva Agape Foundation, World Council of Churches (WCC), and the UK-based group FaithInvest.
The two key opening speakers were Martin Palmer (UK), President of FaithInvest, and Prof. Christopher Stückelberger (Switzerland), Executive Director of the Geneva Agape Foundation, who said: “We want to be innovative. We have a mandate to be innovators in this world from the giver of life and strengthen cooperation.”
Palmer for his part said that for many years there appeared to be a dichotomy between faith and investment. “That gap is now closed, partly because the faiths, and particularly Christianity, have found that naturally there is a link. Secondly, because events have somewhat overtaken us, like the climate change crisis.”
The major religions in the world own about 14 to 15 percent of the total financial market, at least at the big institutional level.
At a smaller level, diocesan, temple, synagogue, etc. it probably takes us to 20 percent. Religious believers are, whether we like it or not, a major factor in investment wealth.
The crucial question is how these investments can become more consistent with Christian values and have a positive impact on mission development. This has to form much of the future debate.
In his final remarks, Timo Plutschinski presented two examples of profitable business projects: on the one hand, provide professional E-games with biblical content and on the other hand an online platform using artificial intelligence to serve and connect networks of Christians worldwide realising projects more efficiently.
Both earn money, are independent of donations and build God´s kingdom. A perfect fit, perhaps.