Al Rayan Bank
Sorry, we don't know enough about Al Rayan Bank yet.
Al Rayan Bank is a subsidiary of Masraf Al Rayan, a Qatar-based bank that provides banking, financial and investment services across Qatar. Masraf Al Rayan does not disclose sufficient information on its lending activities and policies, so we have to assume that there is a high probability of it financing the fossil fuel sector.
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Al Rayan Bank claims to have achieved "carbon neutrality" and that is "climate positive". This claim is dubious for two reasons:
It's quite likely that while you’ve been stashing away money for a house or a weekend get-away, Al Rayan Bank has been using your savings to lend to some very questionable fossil fuel friends.
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