“Warba” advances Tawarruq solutions to keep pace with sustainable financing in partnership with Nawras

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Kuwait City, Mar 14: Warba Bank announced its partnership with Nawras Company to finance environmentally friendly goods as part of its commitment to environmental, social responsibility and governance practices. This partnership is considered an important step towards Warba Bank’s vision of becoming a sustainable financial institution. Through this partnership, Warba Bank strengthens its sustainable strategy and demonstrates its commitment to supporting a more sustainable future, as this partnership is consistent with the Bank’s comprehensive strategy to move to more responsible and sustainable financing.

Nawras L.L.C, known for its expertise in the field of sustainability, will act as an approved supplier of goods used in the financing operations that Warba Bank provides to its clients through its innovative and environmentally friendly solutions. Warba Bank aims to reduce the carbon footprint and promote sustainable practices within its operations.

In this regard, Ahmad Faisal Al-Qatami, Chief Retail Banking Officer, said: “Given our shared vision with Nawras and our commitment to environmental sustainability, we found that this partnership is completely compatible with our vision of a more pure and sustainable banking sector. We will also work together to achieve a positive impact on the environment and the communities we serve as global concerns about climate change increase. As environmental, social and governance considerations have become an urgent necessity for financial institutions around the world, and in recognition of the importance of sustainable financing, the Bank took a proactive step by focusing on environmental, social and corporate governance sustainability standards in the Kuwaiti banking sector, which enhances the confidence of stakeholders, works to attract responsible investors and enhances the Bank’s market reputation. We look forward to expanding in the future to increase transactions with suppliers of environmentally friendly goods.”

This partnership is one of many initiatives undertaken by Warba Bank to integrate sustainability into its operations, as Warba Bank remains committed to promoting environmental awareness, social responsibility, good governance practices, and sustainable financing.

Warba Bank is one of the banks that has achieved great successes in a short period, as it occupied a leading position in the field of Islamic digital banking services for individuals, and it is one of the largest local banks in the number of shareholders, and these are among the most prominent components that make the Bank close to all members of society.

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