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Invest Bank UAE launches Sharia-compliant banking window with Central Bank approval.
Invest Bank in the UAE has launched an Islamic banking window following approval from the Central Bank of the UAE, enabling it to offer Sharia-compliant financial products to individuals and businesses.
The move supports the bank’s strategic expansion and aligns with growing demand for Islamic finance, which is projected to grow at a 9.15% compound annual rate through 2033.
CEO Edris Al Rafi highlighted the initiative’s focus on Islamic values, economic growth, and social welfare.
The bank has disclosed the development to the Abu Dhabi Securities Exchange, underscoring its commitment to transparency and inclusive financial solutions.
Invest Bank UAE lanza ventana bancaria compatible con la Sharia con la aprobación del Banco Central.