Invest Bank has successfully secured an Islamic banking window license from the Central Bank of the UAE, a strategic move that significantly expands its service offerings. This new license allows the bank to provide Sharia-compliant products and services to its UAE customers. Invest Bank’s CEO, Edris Al Rafi, highlighted that this decision aligns banking activities with Islamic values, supporting both economic growth and social welfare. The bank’s entry into the Islamic banking sector is timely, as it is projected to grow by 9.15% annually between 2025 and 2033, positioning the bank to deliver high financial value through its new division.
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