QATAR: Qatar Islamic Bank (QIB) has joined the Equator Principles Association (EP Association), becoming the first bank headquartered in Qatar to become a signatory of the Equator Principles (EP), a framework for managing environmental and social risks in projects.
QIB has updated its risk management framework to comply with the EP, which will enable the bank to monitor the exposure of new project finance and related requests to ESG-based risks, Gulf Times reported.