Emirates Islamic has extended a $500 million Shariah-compliant financing facility to Mass Group Holding, supporting the development of Europe’s largest gas-fired power plant. The landmark financing reflects the growing role of Islamic finance in funding large-scale infrastructure projects that contribute to energy security, economic growth, and sustainable development.
The financing will support the construction and operation of a high-capacity gas-fired power plant designed to meet rising electricity demand while ensuring reliability and efficiency. Natural gas remains a key transition fuel in the global energy mix, offering lower carbon emissions compared to traditional fossil fuels while supporting stable power generation. This project aligns with international efforts to balance energy security with environmental responsibility.
Emirates Islamic’s participation highlights the strength and flexibility of Shariah-compliant financial solutions in addressing complex infrastructure needs. Structured in accordance with Islamic finance principles, the facility demonstrates how ethical, asset-backed financing can be successfully deployed to support strategic energy projects. It also reinforces the UAE’s position as a global hub for Islamic banking and sustainable finance.
For Mass Group Holding, the financing enables continued investment in critical energy infrastructure that supports industrial growth, job creation, and economic stability across the region. Large-scale power projects such as this one play a vital role in supporting manufacturing, urban development, and essential public services, making them central to long-term economic resilience.
The project is also expected to contribute to sustainability goals by utilising advanced technology to improve operational efficiency and reduce environmental impact. Modern gas-fired power plants are designed to optimise fuel use, lower emissions, and integrate with future energy systems, including renewables, as part of a diversified and resilient energy network.
This transaction reflects the increasing convergence of Islamic finance, sustainability, and global infrastructure development. By funding energy projects that deliver both economic and social value, financial institutions like Emirates Islamic are helping to shape a more sustainable future while meeting the evolving needs of global markets.
Overall, the $500 million Shariah-compliant financing underscores Emirates Islamic commitment to supporting transformational projects with international impact. Through strategic partnerships and responsible financing, the bank continues to play a key role in advancing energy security, promoting sustainable infrastructure, and reinforcing the UAE’s leadership in Islamic and sustainable finance.
