Qatar International Islamic Bank publishes sustainable finance framework

Qatar International Islamic Bank (QIIB) has published its inaugural sustainable finance framework amid a wider green push. 

The framework includes eligible green project categories related to renewable energy, clean transportation, energy efficiency, green buildings, pollution prevention and control, environmentally sustainable management of living natural resources and land use, sustainable water and wastewater management.

It also covers eligible social project categories related to employment generation, and programs designed to prevent and/or alleviate, unemployment stemming from socio-economic crises, access to essential services, affordable basic infrastructure, the lender said in a statement. 

Furthermore, the framework is aligned with QIIB’s ESG strategic dimensions, which has been developed in alignment with the Qatar National Vision 2030, across environmental, social, governance and economic pillars. The lender has secured a second party opinion (SPO) from Sustainable Fitch. 

Hossam Khattab, the bank's CFO, said: “This framework underscores our dedication to aligning our operations with global sustainability goals while contributing to Qatar's economic development, which consider a significant stride towards fostering a sustainable future in line with Qatar Vision 2030”