In the realm of financial services, IDC has organized the Financial Services Summit. The Summit…

Abu Dhabi Islamic Bank (ADIB) has successfully raised $500M by issuing Sharia-compliant green bonds, marking the largest Islamic bank by assets in the emirate’s effort to diversify its funding sources, promote sustainability, and address climate change concerns.
ADIB priced the senior sukuk with a five-year tenure at a profit rate of 5.695% per annum, payable semi-annually. The sukuk will be listed and traded on the London Stock Exchange’s International Securities Market and Sustainable Bond Market, according to the statement from the Abu Dhabi-based lender.

The 2023 Future Sustainability Forum in Dubai highlighted the city’s role in global sustainability. With 1,500 industry leaders and over 70 speakers from 30 countries, the event focused on sustainable finance, ESG regulations, and setting credible net-zero targets. Notable speakers included H.E Mariam Bin Mohammed Saeed Hareb Almheiri and Amal Larhlid. This forum showcased Dubai’s commitment to a greener future and global sustainability through collaboration and innovation.