The Singapore-based Royal Group of Companies has obtained the world’s first Islamic green financing in the hospitality sector totaling S$250 million ( US$186.57 million ) from Maybank Singapore. The facility, which represents the Royal Group’s first foray into the sustainability finance, is earmarked for the construction of Raffles Sentosa Resort & Spa Singapore and for the upgrading of the existing Sofitel Singapore Sentosa Resort & Spa.