Masraf Al Rayan signed an agreement with the Gulf Organization for Research and Development (GORD), according to which the institution will invest in the Green Deposit from Masraf Al Rayan that is compliant with Islamic Sharia and is the first investment product alternative to deposits in Qatari riyals and major currencies in Qatar designated for financing green initiatives. The agreement was signed in the presence of Messrs. Fahd bin Abdullah Al Khalifa, CEO of Masraf Al Rayan Group, and Dr. Youssef Al-Horr, Chairman of the Board of Directors of the Gulf Organization for Research and Development. Through the Green Deposit Program from Masraf Al Rayan, customers who wish to include environmental and sustainable goals in their business will be able to invest in these deposits designated for financing environmental sustainability projects.
Commenting on the signing of the agreement, Mr. Fahd bin Abdullah Al Khalifa, CEO of Masraf Al Rayan Group, said: “We are proud that the bank is unique in providing the first green deposit that complies with Islamic law to customers in Qatar, which enhances our moral and societal responsibility to support investment solutions. sustainable. We believe in making a positive difference through teamwork, to enable our clients to manage their money in an environmentally responsible manner.”
For his part, Dr. said. Youssef Al-Horr, Chairman of the Board of Directors of the Gulf Organization for Research and Development: Based on our being a leading institution in the field of environmental sustainability, we are proud to cooperate with Masraf Al Rayan in the Green Deposit Program, which will play an important role in directing financial resources towards sustainable projects that in turn contribute to reducing emissions carbon and mitigate climate change. We do this not only to align our financial investments with the organization’s core values, but also to support a financial institution that works with us in building a sustainable future.
It should be noted that Masraf Al Rayan is committed to financing practices that contribute to environmental sustainability and are in line with the vision and standards of the State of Qatar for sustainable development as part of Al Rayan’s program for environmental, social and governance developments.
