IslamicFinance.de

Arab Bank recently issued its annual sustainability report for the third consecutive year; the report is a summary of the bank's performance and achievements on the social, economic and environmental levels for the year 2012. Arab Bank is the first Jordan based bank to issue a sustainability report at international standards. It focuses in detail on the internal programs adopted by the Bank, such as the integration of certain environmental and social criteria, in addition to the implementation of a number of initiatives that aim to reduce greenhouse gas emissions and also increase internal awareness levels. Also covered in the report are the Bank's social contributions, in addition to the participation of the Bank's employees in volunteering activities and capacity building programs for non-profit organizations.

Arab Bank issued its first annual Sustainability report on June 27, 2011 as a summary of the Bank's performance in the social, environmental and economic fields during 2010.
The report includes a comprehensive account of our sustainability framework, management approaches and accomplishments in addressing economic, environmental and social issues. It also contains a detailed record of the impact of the Bank's operations in the different fields.

CPI Financial reported on 22 April that Arab Bank Fund Managers (Guernsey), a subsidiary of Arab Bank lists nine investment funds on the Channel Islands Stock Exchange. The IIAB Sukuk and Murabaha MENA Fund and the IIAB MENA Feeder Fund, are Shari’ah compliant funds and are both part of International Islamic Arab Bank Protected Cell Companies (IIAB PCC). The investment adviser for these funds is AB Invest in Jordan.

All of the funds are dollar denominated and open-ended, with monthly valuation and dealing.

The Guernsey administrator for all the funds is Legis Fund Services.

Source: http://www.cpifinancial.net/v2/News.aspx?v=1&aid=203&sec=Wealth%20Manage...