UAE's Emirates Islamic leverages Islamic finance to pursue net zero at COP28
UAE lender Emirates Islamic, is leveraging Islamic finance to drive climate action and support the country's sustainability agenda at this year's COP28 summit.
Emirates Islamic, which is the Islamic subsidiary of Emirates NBD, is committed to providing enhanced transparency around funded projects and assets that carry environmental and social benefits by issuing sustainable finance instruments including green sukuk, the lender said in a statement.
Islamic finance has gained prominence in recent years as a unique and ethical financial system guided by Shari’ah principles. Emirates Islamic remains committed to reducing its environmental impact, in line with the UAE Net Zero by 2050.
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
