Palestine Islamic Bank Issues Its First Sustainability Report
Palestine Islamic Bank (PIB) has issued its first Sustainability Report, in line with the Global Reporting Initiative (GRI) standards. The report covers the Bank’s contributions in the areas of Environmental, Social, and Governance (ESG), reflecting its commitment to transparency, ethical governance, responsible growth, and regular disclosure of initiatives that contribute to supporting the achievement of the global Sustainable Development Goals.
The report highlights the responsible practices implemented by the Bank across key sustainability areas over recent years, including 2024. It covers the Bank’s operations and banking services aimed at reducing environmental impact, enhancing governance and transparency, and developing initiatives in the field of social responsibility. The report also outlines the sustainability methodology adopted by PIB, in addition to the main results achieved across the various sustainability pillars.
Dr. Imad Al-Sadi, General Manager of PIB, stated that the launch of the first Sustainability Report represents an important milestone in the Bank’s journey and constitutes a fundamental pillar in achieving balanced growth, as well as a strategic step toward a more responsible and sustainable future. He noted that the report aligns with the Bank’s strategic plan and the ongoing directives of the Board of Directors, which place great importance on strengthening a sustainability-driven approach across all Bank activities.
Dr. Al-Sadi added: “Through our sustainable initiatives, we seek to integrate environmental, social, and governance practices into all our operations. This report embodies our approach based on transparency and accountability, and highlights our efforts to reduce environmental impact, strengthen positive contributions to society, and reinforce our position as a trusted partner contributing to the achievement of the global SDGs.”
He further emphasized that PIB will continue to strengthen governance frameworks, support digital innovation, and expand financial inclusion in Palestine, with the aim of building a more resilient, inclusive, and sustainable future. Finaly, he expressed his appreciation to the Board of Directors, shareholders, employees, and customers for their continued support and renewed confidence in the Bank.
The mission and vision of Palestine Islamic Bank focus on excellence in providing modern, secure banking and investment solutions in accordance with Islamic Sharia. The Bank has also developed a well-designed strategy to advance its digital-transformation journey, supported by a cybersecurity strategy that ensures the protection of all customer data — leading to the launch of pioneering digital services.