Mashreq launches ‘nature friendly’ savings account

Mashreq has launched the Nature Saver Account in the UAE.

The new product enables customers to contribute to a range of environmental causes.  

The Nature Saver Account, which is fully digitally enabled, will provide customers with the option to contribute a share of their income by donating their savings profit – wholly or partially – to organisations dedicated to environmental causes such as safeguarding habitats, reversing damage and nature loss, and the protection of endangered species here in the UAE.  

The launch falls under its Climb2Change global initiative and aims to safeguard wildlife and biodiversity.

As part of this effort, the bank has also begun using 100 per cent recycled plastics for its card production.

Mashreq, through the Nature Saver Account, will allow the customers to donate a percentage of the profits earned (either partially or wholly) to Emirates Nature-WWF, to the causes they wish to support in the UAE.  

Nature Saver Account: marking responsible corporate citizenship

Fernando Morillo, group head of Retail Banking at Mashreq, said: “The launch of Nature Saver Account furthers our commitment to providing a range of eco-friendly solutions and aligns with our ambitions to accelerate positive environmental impact, in turn solidifying our leadership in sustainable banking practices in the MENA region and globally.” 

Laila Mostafa Abdullatif, Director General of Emirates Nature-WWF commenting on the partnership, said: “The initiative aligns with our mission and also reflects the spirit of responsible corporate citizenship.” 

The Nature Saver Account is a fully Shariah-compliant account.

Read: Mashreq to facilitate Dhs110bn in sustainable finance by 2030