Palestinian Islamic Bank Issues Its First Sustainability Report

SadaNews Economy: The Palestinian Islamic Bank has issued its first sustainability report in line with the Global Reporting Initiative (GRI) standards, covering the interventions carried out by the bank in the environmental, social, and governance (ESG) areas. This initiative comes as part of the bank's commitment to transparency, ethical governance, responsible growth, and periodic disclosure of the interventions it implements to support the achievement of global sustainable development goals.

The report highlights the responsible interventions and practices that the bank has implemented in key sustainability areas over the past years, including the year 2024, covering its operations and banking services aiming to reduce environmental impacts, enhance governance and transparency, and develop interventions in the field of social responsibility. It also outlines the methodology the bank adopts in sustainability alongside the key results it has achieved across various sustainability dimensions.

The Director-General of the Palestinian Islamic Bank, Dr. Imad Al-Saadi, stated that launching the first sustainability report represents an important milestone in the bank's journey and forms a fundamental pillar in achieving balanced growth and a strategic step toward a more responsible and sustainable future. It is also in line with the bank's strategic plan and the ongoing directives from the bank’s board of directors, which places great importance on enhancing sustainable practices across all bank activities.

Al-Saadi added: "Through our sustainable interventions, we seek to integrate environmental, social, and governance practices into all our operations. This report embodies our approach based on transparency and accountability, showcasing our efforts to reduce environmental impact, enhance positive interventions towards the community, and strengthen our position as a reliable partner contributing to the achievement of global sustainable development goals."

Al-Saadi emphasized that the bank will continue to strengthen governance frameworks, support digital innovation, and expand financial inclusion in Palestine to build a more resilient, inclusive, and sustainable future, expressing his gratitude to the bank's board of directors, shareholders, employees, and clients for their ongoing support and renewed trust in the bank.

The sustainability report of the Palestinian Islamic Bank can be accessed through the bank's website www.islamicbank.ps.

The Palestinian Islamic Bank's mission and vision focus on excellence in providing modern and secure banking and investment solutions in accordance with Islamic law. Furthermore, the bank has established a well-considered strategy to advance in the digital transformation process, supported by a cybersecurity strategy that ensures the protection of all customer data, resulting in the launch of pioneering digital services.