Doha: Group Chief Executive Officer of AlRayan Bank, Fahad Al Khalifa, stated that the bank's inaugural Green Sukuk issuance represents a significant milestone, highlighting the Group's dedication to advancing environmental, social, and governance (ESG) standards and promoting sustainable finance through practical, market-driven initiatives.

According to Qatar News Agency, Al Khalifa emphasized that the issuance attracted strong demand, indicating investors' confidence in AlRayan Bank Group and its strategic focus on sustainable financing.

He elaborated that the Green Sukuk issuance aligns with the Third Financial Sector Strategic Plan initiated by Qatar Central Bank (QCB), which he described as a key pillar guiding the Group's efforts to contribute to the development of capital markets.

Al Khalifa further mentioned that this initiative is part of the Group's broader strategy to diversify its financing instruments, thereby enhancing the efficiency and long-term sustainability of its financing operations.

He underscored that the Green Sukuk falls within the ESG framework, focusing on investments linked to environmental, social, and governance considerations. Al Khalifa also reaffirmed the Group's commitment to working closely with its clients to introduce additional sustainable issuances and financing solutions in the future.