Search Site

Trends banner

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

ADIB publishes ‘sustainable finance framework’ establishing criteria for borrowing

The headquarters of Abu Dhabi Islamic Bank in Abu Dhabi.
  • The bank's framework will determine the eligibility of projects for it to finance or refinance, including the issuance of green, social and sustainability sukuks.
  • ADIB will give priority to projects with environmental benefits across renewable energy, energy efficiency, green buildings, pollution prevention and control

Abu Dhabi, UAE–Abu Dhabi Islamic Bank (ADIB) has published “Sustainable Finance Framework” establishing criteria and eligibility requirements that determine which projects are labelled “green”, “social”, or “sustainable”.

The framework will determine the eligibility of projects for the bank to finance or refinance, including the issuance of green, social and sustainability sukuks.

Emphasis is placed on projects with environmental benefits across renewable energy, energy efficiency, green buildings, pollution prevention and control, sustainable water and wastewater management, clean transportation and projects supporting social objectives, including access to healthcare and education, employment generation and affordable housing.

Nasser Al Awadhi, ADIB Group Chief Executive Officer, said, “The development of our Sustainable Finance Framework is an important step on our journey to embedding sustainability as a cornerstone for ADIB. Having clear and structured criteria for assessing the quality of projects from a sustainability standpoint is essential for informing our decision-making capabilities. It is our hope and belief that by integrating ESG risk assessment into the bank’s credit processes, ADIB will provide added value to both our clients and to society.”

ADIB issued its ESG strategy, which is seamlessly integrated into ADIB’s sustainability framework, encompassing key pillars such as maximising positive impact, becoming a lifelong partner of customers, fostering a strong economic footprint, maintaining a people-centric organisational culture, upholding governance excellence, and remaining a steadfast lifelong partner for communities.

ADIB received a Second Party Opinion from ISS Corporate Solutions (ISS) for the framework, which ensured alignment of the framework with the ICMA Green Bond Principles, Social Bond Principles, Sustainability Bond Guidelines, as well as the Loan Market Association Green Loan Principles and Social Loan Principles. Standard Chartered Bank is the sole sustainability structuring bank in the development of ADIB’s Framework with the support of ADIB.