Infracorp Unveils Bahrain's First Sustainable Sukuk at UN Workshop
Infracorp, a leading specialised company in investing in the infrastructure and sustainable development sector, has announced its participation in a United Nations workshop recently held in Bahrain to highlight the Kingdom's contribution to global efforts in financing sustainable development. The company presented its pioneering experience in issuing Bahrain's first sustainable sukuk.
Infracorp took part in a panel discussion entitled 'Innovative Financing Instruments: SDG-Linked Bonds and Sukuk'. Ms. Zeeba Askar, Chief Sustainability and Investment Officer at Infracorp, delivered a presentation titled 'Bahrain's First Sustainable Sukuk'. She outlined the company's transition from green sukuk to a broader sustainable sukuk framework in line with international trends for financing projects with environmental and social impact.
Ms. Askar confirmed that Infracorp's sustainable sukuk framework is fully aligned with the ICMA's Green, Social and Sustainability Bond Principles, supports Bahrain's Economic Vision 2030 and is consistent with the United Nations SDGs. She added that the framework's governance is underpinned by an independent, accredited external opinion to ensure transparency and credibility. The company has mapped key performance indicators, adopted a rigorous project-selection mechanism based on expected outcomes, and issues regular reports to measure each project's environmental and social impact.
Commenting on the occasion, Ms Askar said: 'Our objective went beyond issuing a conventional finance instrument; it was about setting a standard for what a Sustainable Sukuk should represent. We carefully built a framework aligned with Bahrain's Economic Vision 2030 and the UN Sustainable Development Goals, with measurable KPIs mapped across every eligible project. The result is a Sukuk rooted in transparency, governed by rigor, and driven by real-world impact.'
The workshop highlighted Bahrain's leading efforts in development finance, including Islamic finance, SDG-linked bonds and the fintech sector, ahead of the fourth International Conference on Financing for Development (FfD4), scheduled to take place in Seville, Spain, from June 30 to July 3, 2025. It brought together UN officials, public-sector representatives and private-sector partners to discuss the Kingdom's participation in the conference.
FfD4 will serve as a pivotal platform to assess progress on global commitments to finance sustainable development and to address challenges that have emerged since the adoption of the Addis Ababa Action Agenda in 2015. The conference will gather high-level representatives from governments, international and regional organisations, financial and commercial institutions, the private sector, civil society and the United Nations system.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Tribune
a day ago
- Daily Tribune
Social Insurance Authority Launches New Website to Enhance Digital Services
The Social Insurance Organization (SIO) has launched its newly redesigned website as part of its ongoing efforts to upgrade digital services and align with Bahrain's Economic Vision 2030 and government strategy to improve the quality of public services. Marking the occasion, SIO Chief Executive Officer Sahar Rashid Al Manai said the launch of the updated website is a key step in the organization's digital transformation journey. She emphasized that the new platform offers a more advanced and user-friendly experience, making it easier for citizens and residents to access insurance-related services and information. Designed with a modern look and feel, the website reflects the organization's corporate identity. It features well-organized content, including e-services, laws and regulations, FAQs, a media center, informative guides, videos, and updated statistics. One of the key features of the site is its inclusive design, ensuring accessibility for all users — including people with disabilities — through special tools that allow content to be adjusted for individual needs, in line with international web accessibility standards. Al Manai added that this upgrade represents a significant leap forward in the authority's institutional modernization. It underscores SIO's commitment to providing flexible, secure, and transparent digital services that boost customer satisfaction and reinforce its vital role in Bahrain's social protection and sustainable development efforts.
Daily Tribune
3 days ago
- Daily Tribune
Arab meeting on monitoring SDG implementation
The Ministry of Sustainable Development chaired the 17th Meeting of the Arab Committee for Monitoring the Implementation of the 2030 Sustainable Development Goals, in line with the Kingdom of Bahrain's presidency of the 115th session of the Economic and Social Council of the League of Arab States. The meeting, held virtually, was chaired by Dana Imad Hamzah, Assistant Undersecretary for Sustainable Development at the Ministry, and attended by senior representatives from Arab member states and national institutions. In her remarks, the Assistant Undersecretary highlighted Bahrain's commitment to advancing the sustainable development agenda under the leadership of His Majesty King Hamad bin Isa Al Khalifa and the guidance of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister. She noted that Bahrain's efforts have been guided by the principles of Economic Vision 2030, which are sustainability, competitiveness and fairness.
Bahrain This Week
5 days ago
- Bahrain This Week
Infracorp Unveils Bahrain's First Sustainable Sukuk at UN Workshop
Infracorp, a leading specialised company in investing in the infrastructure and sustainable development sector, has announced its participation in a United Nations workshop recently held in Bahrain to highlight the Kingdom's contribution to global efforts in financing sustainable development. The company presented its pioneering experience in issuing Bahrain's first sustainable sukuk. Infracorp took part in a panel discussion entitled 'Innovative Financing Instruments: SDG-Linked Bonds and Sukuk'. Ms. Zeeba Askar, Chief Sustainability and Investment Officer at Infracorp, delivered a presentation titled 'Bahrain's First Sustainable Sukuk'. She outlined the company's transition from green sukuk to a broader sustainable sukuk framework in line with international trends for financing projects with environmental and social impact. Ms. Askar confirmed that Infracorp's sustainable sukuk framework is fully aligned with the ICMA's Green, Social and Sustainability Bond Principles, supports Bahrain's Economic Vision 2030 and is consistent with the United Nations SDGs. She added that the framework's governance is underpinned by an independent, accredited external opinion to ensure transparency and credibility. The company has mapped key performance indicators, adopted a rigorous project-selection mechanism based on expected outcomes, and issues regular reports to measure each project's environmental and social impact. Commenting on the occasion, Ms Askar said: 'Our objective went beyond issuing a conventional finance instrument; it was about setting a standard for what a Sustainable Sukuk should represent. We carefully built a framework aligned with Bahrain's Economic Vision 2030 and the UN Sustainable Development Goals, with measurable KPIs mapped across every eligible project. The result is a Sukuk rooted in transparency, governed by rigor, and driven by real-world impact.' The workshop highlighted Bahrain's leading efforts in development finance, including Islamic finance, SDG-linked bonds and the fintech sector, ahead of the fourth International Conference on Financing for Development (FfD4), scheduled to take place in Seville, Spain, from June 30 to July 3, 2025. It brought together UN officials, public-sector representatives and private-sector partners to discuss the Kingdom's participation in the conference. FfD4 will serve as a pivotal platform to assess progress on global commitments to finance sustainable development and to address challenges that have emerged since the adoption of the Addis Ababa Action Agenda in 2015. The conference will gather high-level representatives from governments, international and regional organisations, financial and commercial institutions, the private sector, civil society and the United Nations system.
