Abu dhabi: Invest Bank announced that it has obtained an Islamic banking window licence from the Central Bank of the United Arab Emirates (UAE). This milestone marks a significant moment in the bank's transformational journey, opening opportunities to expand its range of products and services to include Sharia-compliant financial solutions for individuals and businesses in the UAE.

According to Emirates News Agency, Edris Al Rafi, CEO of Invest Bank, stated that Sharia-compliant banking is a vital part of the community, aligning with the core goal of integrating banking activities with Islamic values. This approach aims to promote economic growth and ensure social welfare. The Central Bank of the UAE's approval of Invest Bank's Islamic banking window license reinforces the regulatory body's confidence in the bank's ability to provide inclusive and customer-focused financial services that meet high social and economic standards in the region.

The bank's new Islamic business window is poised to offer a range of Sharia-compliant solutions, as the sector is expected to grow at a compound annual growth rate of 9.15 percent between 2025 and 2033. Invest Bank has also disclosed to the Abu Dhabi Securities Exchange (ADX) that it will be offering Islamic banking services and products to its customers.