Qatar Islamic Bank launches Sustainable Deposit for corporates

Qatar Islamic Bank launches Sustainable Deposit for corporates

Qatar Islamic Bank (QIB), region’s leading digital bank, has introduced a new Sustainable Deposit, an innovative fixed-term option tailored for corporates looking to responsibly invest their funds. This product is designed to prioritize sustainable finance and align with the objectives of a low-carbon future. The Sustainable Deposit, a Shari’a-compliant Absolute Mudaraba product, signifies a milestone […]Qatar Islamic Bank (QIB), region’s leading digital bank, has introduced a new Sustainable Deposit, an innovative fixed-term option tailored for corporates looking to responsibly invest their funds.

This product is designed to prioritize sustainable finance and align with the objectives of a low-carbon future. The Sustainable Deposit, a Shari’a-compliant Absolute Mudaraba product, signifies a milestone in QIB’s commitment to sustainability by exclusively allocating funds to environmentally and socially responsible projects and investments.

With the addition of the exclusive fund allocation and compliance with all of the relevant Absolute Mudaraba regulations, this unique product is intended to provide a significant contribution to the bank’s sustainability policy.

Driven by QIB’s sustainable products framework, which is in line with the UN Sustainable Development Goals (UNSDGs) and Qatar National Vision 2030, the Sustainable Deposit specifically concentrates on businesses that positively impact social and environmental Issues.

These sectors encompass renewable energy, green buildings, clean transportation, education,