Corporate Social Responsibility
Corporate social responsibility (CSR) is a form of corporate self-regulation integrated into a business model. The goal of CSR is to embrace responsibility for the company's actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other stakeholders.
Since its inception, Mashreq has been actively involved in many activities that give back to the community it operates in, across all its regional offices of UAE, Qatar, Bahrain, Kuwait or Egypt.
Though in its nascent stages of formulating a structured framework of a sustainable model, the organization has been proactive in implementing some fundamental parameters in the marketplace, preserving the environment, developing corporate governance, supporting philanthropy and helping promote the right to education across all levels of society, among others. The Bank has been an active member in nationwide annual days such as the International Give and Gain Day and UAE Humanitarian Day to name a few.
Financial Literacy - Being a full service financial institution that offers conventional as well as Sharia'h compliant solutions, we have made special headway in the education segment through initiatives collaborating with educational bodies. Also created interactive workshops at schools, colleges and universities on importance of securing better financial status, empowering young entrepreneurs in building their new found businesses to providing scholarships to deserving students.
Foloosy – Reflecting on its commitment to empower its customers and the public, Mashreq launched the UAE’s first financial literacy programme, Foloosy. The public is in need of a financial platform to equip them with the necessary banking knowledge to carry out their day-to-day banking needs. In light of that UAE's first of its kind digital platform www.foloosy.ae has been launched to encourage financial education. Foloosy (which is the Arabic word for My Money) website, is supported by an app and various social media sites, has been designed with the objective to empower residents with the knowledge they need to choose the financial products that are best-suited to them and to avoid making potentially costly financial mistakes. The Foloosy.ae site features five core personal finance pillars – Save, Borrow, Invest, Insure and Islamic Banking.