Dubai-based Commercial Bank International (CBI) has launched its Islamic banking window, called Al Islami.
The Islamic banking window will offer a wide range of Shari’ah-compliant financial solutions and banking services aimed at the corporate financial world.
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International Shari’ah advisor the Shariyah Review Bureau will offer consultancy and audit support to CBI – Al Islami.
CBI chairman Mohammed Sultan Al Qadi said: "CBI Al Islami aims to better address customer requirements for banking and financial transactions that are in line with Shari’ah principles, as we build on our strategy to become a leading player in the provision of Islamic banking solutions in the region."
CBI head of Islamic Banking Mamoon Abdelkader said: "The future of Islamic banking in the region looks very promising, as Shari’ah compliant products and services become more mainstreamand Dubai advances towardbecoming the global Islamic financial capital of the world. The introduction of our Islamic banking window will allow CBI to consolidate its position within this growing market."
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