The report highlights Safwa Islamic Bank's commitment to sustainability, focusing on ESG factors and alignment with Islamic principles. The report covers the bank's performance for 2023, including economic performance, financial inclusion, environmental leadership, and social responsibility. Key highlights include the bank's implementation of a one-megawatt (MW) PV system in 2020 to promote renewable energy, the increase in female representation on the Board of Directors, the dedication to local communities and support for small enterprises, and the emphasis on responsible procurement practices. The report also includes a materiality assessment, which outlines the bank's approach to identifying and managing material topics related to its operations and stakeholders.
