D360 Bank, a Shariah-compliant digital bank based in Saudi Arabia, has announced that it has welcomed over one million customers within just four months of its official launch. This achievement sets a new global standard for digital banking adoption, demonstrating the increasing demand for efficient and secure digital financial solutions in the region. Since its...
Abu Dhabi Islamic Bank (ADIB), a prominent Islamic financial institution, will serve as a Diamond Sponsor at the upcoming Dubai Fintech Summit 2025. This participation underscores ADIB’s commitment to transforming ethical finance through advancements in digital innovation, artificial intelligence (AI), and Sharia-compliant financial technology. At the Summit, ADIB will engage in two key panel discussions...
Sharjah Islamic Bank (SIB) has inaugurated a new branch at Yas Mall in Abu Dhabi, marking a key element of its strategy for smart expansion and leadership in integrated banking services. This new addition brings SIB’s total number of branches in the UAE to 34, with five located in the capital city of Abu Dhabi....
Emirates NBD, the largest bank in Dubai, has announced a partnership with digital-assets firm Aquanow to offer cryptocurrency services via its digital banking arm. Customers using Emirates NBD’s digital bank, Liv, can now buy, sell, and trade cryptocurrencies through the Liv X app, according to the bank’s statement. This initiative comes as banks increasingly venture...
Hubpay, a fast-growing financial institution licensed by the Abu Dhabi Global Market (ADGM), has unveiled its digital business accounts aimed at enhancing the corporate onboarding process for small and medium-sized enterprises (SMEs) in the UAE. This initiative aligns with the UAE’s goal to increase the number of SMEs from over 557 000 to more than...
Dubai Islamic Bank (DIB), the UAE’s leading Shariah-compliant lender, has increased its ownership in Turkey’s T.O.M. Group of Companies to 25%. This marks a rise from its earlier 20% stake, utilizing an option tied to its initial acquisition in September 2023, according to Zawya. The T.O.M. Group consists of several financial entities, including T.O.M. Katılım...
Dubai’s IFZA Free Zone has partnered with Abu Dhabi Islamic Bank (ADIB) to offer innovative financial solutions to businesses in its ecosystem. The agreement, signed during a ceremony at IFZA, aims to simplify banking processes and provide tailored services to entrepreneurs and investors. The collaboration includes streamlined account opening, customized financing, and access to ADIB’s...