Dubai Islamic Bank To Raise $1 Billion with Sustainable Sukuk

Dubai Islamic Bank(DIB), the most prominent Islamic lender in the United Arab Emirates, is set to raise $1 billion for a five-year sustainable Finance Framework created to finance green and social initiatives and projects. The framework is an innovative initiative that seeks to unlock development projects’ potential while promoting sustainable and socially responsible investments. DIB aims to increase access to finance and reduce poverty in developing countries by making financing available for projects in sectors with environmental benefits. It focuses on providing funding for the eligible company. DIB also supports social initiatives that promote employment generation, affordable housing and access to essential services. The DIB’s Green and Sustainable Finance Framework is a cornerstone for the Bank’s commitment to sustainability and further establishes its position as a leader in sustainable banking. The framework will enable the Bank to expand its range of sustainable finance products and offerings, providing both commercial and retail customers with access to innovative financing solutions that support their environmental goals.

resource: https://esgnews.com/dubai-islamic-bank-to-raise-1-billion-with-sustainable-sukuk/

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