Latest news with #Islamicbank
Al Bawaba
08-07-2025
- Business
- Al Bawaba
ADIB Advances Sustainable Finance Agenda with AED 17.3 Billion In Sustainable Finance Mobilised and 2030 Financed Emissions Targets Set
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has reported the mobilisation of over AED 17 billion in sustainable finance as of year-end 2024, marking continued progress toward its AED 60 billion sustainable finance commitment by 2030. This update coincides with the release of ADIB's 2024 Sustainability Report, which details material advancements in climate alignment, ESG governance, and inclusive growth in line with UAE Net Zero 2050 strategy and UAE 2031 year's report highlights key achievements including the publication of ADIB's first sector-specific financed emissions targets, making it the first Islamic bank in the region to set such interim 2030 targets. These cover six high-emission sectors such as real estate, utilities, and home finance, aligned with IEA Net Zero scenarios and the UAE's national decarbonisation part of its commitment to international best practices, ADIB also conducted a double materiality assessment in accordance with the European Sustainability Reporting Standards (ESRS) to evaluate both the financial and societal impacts of its activities, a critical step to understand the material impacts, risks and opportunities (IROs) on the economy, environment, and people. ADIB's Double Materiality Assessment was performed within the context of each of the ESRS topical standards, covering environmental, social, and governance also published its inaugural Green Sukuk allocation and impact report for its USD 500 million Green Sukuk issuance. As of December 2024, 90 percent of proceeds have been allocated toward renewable energy, energy efficiency, and sustainable water infrastructure, contributing to over 607,000 tonnes of estimated annual avoided ADIB reported an 87 percent drop in Scope 1 emissions compared to 2022 and a 3.51 percent reduction in Scope 2. These improvements reflect continued investments in energy efficiency, electrification, and operational optimisation across the on this, Mohamed Abdelbary, Group Chief Executive Officer at ADIB, said: 'Putting sustainability at the heart of what we do is one of the three key pillars of our 2035 vision. We're proud of the progress we're making, and how we're using our financing to contribute to the transition of our customers and the economy. Our latest sustainability disclosures reflect our steadfast commitment to ethical, inclusive, and climate-aligned banking. From leading the region in green sukuk to setting the benchmark on sectoral decarbonisation, we are taking decisive steps toward a low-carbon added: 'Our double materiality assessment reinforces ADIB's commitment to credible, decision-useful disclosure. It ensures we understand not only how sustainability impacts our business but how our business impacts the environment, society and economy. This is central to how we plan, report and continued to strengthen its social impact agenda in, achieving a 44 percent Emiratisation rate, with women comprising 72 percent of UAE national hires and 39 percent of the total workforce. This progress was supported by an average of 62 training hours delivered per employee and partnerships with over 140 community organisations focused on financial inclusion, education, and social bank continues to receive strong ESG ratings, including an 'AA' from MSCI, 74 from LSEG ESG, and 41 from DJSI. These assessments affirm the bank's leadership in responsible finance. ADIB was recognised as the Best Islamic Bank for ESG by Global Finance and MEED. To view the full report, please visit
Tahawul Tech
10-06-2025
- Business
- Tahawul Tech
ruya unveils AI-generated brand film: 'You've Got Better Things to Do'
UAE's first digital Islamic community bank uses AI to reflect its vision of effortless, technology-driven banking for business owners. Ajman – ruya, the UAE's first digital Islamic community bank, has launched a bold new film titled 'You've Got Better Things to Do', a fully AI-generated campaign that speaks directly to the entrepreneurs, startups, freelancers, Camelicorns and SME owners who are fuelling the country's growth and who prefer simple, modern solutions over the complexities of traditional banking. The message is simple: your time is precious, and ruya helps you spend it where it matters most – on your business, not your bank. The film showcases everyday moments of business owners chasing their dreams, supported by ruya's seamless, mobile-first platform that eliminates banking hassles with instant account opening, no hidden fees, and fast, ethical financial services. In a deliberate creative choice, the film was developed entirely with generative AI, making ruya one of the first banks in the region to launch a campaign built with next-generation technology. The approach reinforces the campaign's core message: 'You've got better things to do… than make an ad the old-fashioned way'. By integrating AI into its creative process, ruya aligns with the UAE's national vision to lead in artificial intelligence and digital innovation. The campaign showcases not just innovation for its own sake, but purposeful use of technology to communicate more meaningfully with today's business community. 'This film represents an innovative step forward for the Islamic banking sector,' said Christoph Koster, CEO of ruya. 'As a digital-first Islamic bank, we believe technology should simplify life, not complicate it. Embracing AI in our marketing is a natural extension of our forward-thinking ethos, as it reflects how we operate as a brand and how we believe banking should evolve: simple, smart, and aligned with the pace of today's world.' The film is a direct reflection of ruya's values, blending modern convenience and guided by ethical Islamic principles that promote transparency, fairness, and community focus. The campaign is now live across ruya's digital platforms and can be viewed on the official YouTube channel at: ruya – You've got better things to do
