Khaled Al Kayed
Chief Executive Officer, Bank Nizwa
Bank Nizwa is dedicated to assisting Oman in its transition to a low-carbon, more resource-efficient, and sustainable economy, by being at the forefront of initiatives to create a financial system that promotes sustainable growth.
In fact, Islamic finance and sustainability go hand in hand. Therefore, being an Islamic bank ourselves, we adopt a strategic approach to being sustainable in all our systems, processes, products, and services. The Bank is reaffirming its commitment to assisting with the energy transition in a variety of ways, including by funding government initiatives in the industries with the highest carbon emissions. It is adopting a strategy of supporting renewable energy projects as part of the energy transition agenda.
The Do No Significant Harm (DNSH) principle and the minimum social protections are both included into the bank’s robust eligibility framework, which serves as the foundation for its ESG products.
By offering innovative financial products and services, Bank Nizwa aids in the ecological transition of both its customers and the economy as a whole. In order to allow other investors who are ESG sensitive to invest in Green Sukuks, Bank Nizwa actively seeks for opportunities to issue Sukuk (Islamic Bonds). By partnering with the providers of alternative energy sources, Bank Nizwa is able to fund their potential clients.
