sustainable financing

Islamic banking continues to remain compatible with evolving ESG considerations and the broader objectives of sustainable finance, and consequently, with over five decades of strong Shariahcompliant operations, environmental, social and governance priorities have become an integral part of alrajhi bank’s very foundations.

The bank has remained committed to providing Shariah-compliant, future-ready banking services, and this Shariah-based ESG orientation continues to protect the bank from investments that are at ‘high risk’ of failing to meet ESG criteria. By principle, alrajhi bank does not participate in any investments that fail to meet Shariah guidelines, including investments in alcohol, gambling and tobacco products.

Material topics

Green Banking and Lending

UN SDGs

Key highlights

USD 7.746 billion

Total allocation sustainable financing

7

eligible green categories financed through sustainable finance instruments

388,937

tCO2e total attributable annual avoided emissions through sustainably financed projects

10

Total Eligible Projects