Carbon pact for Al Rayan Bank

QATAR: Al Rayan Bank becomes the first Shariah compliant bank in Qatar to join the Partnership for Carbon Accounting Financials – a global collaboration of financial institutions dedicated to harmonized assessments and disclosures of greenhouse gas emissions associated with its lending and investment portfolio. The carbon pact is a rapidly expanding global initiative, with more than 500 financial institutions from six continents – spanning North America, Latin America, Europe, Africa and Asia-Pacific – setting standards, offering technical guidance and providing access to an extensive emission-factor database, enabling consistent and reliable carbon accounting practices.