UAE's Invest Bank Secures Licence for Islamic Banking Operations
Sharjah-based lender Invest Bank has received approval from the Central Bank of the UAE to launch an Islamic banking window.
This enables the bank to offer sharia-compliant products and services to individuals and businesses.
Edris Al-Rafi, CEO of Invest Bank, said the move supports the bank’s strategy to expand its service portfolio while aligning with community values.
The bank has disclosed the approval to the Abu Dhabi Securities Exchange (ADX), saying the decision reflects regulatory confidence in its ability to provide inclusive and responsible financial services.
- Total income of AED145.6m ($39.6m), up 5% year-on-year.
- Total assets rose 11% to AED12.3bn, supported by a 32% increase in loans and advances to AED5.7bn.
Invest Bank returned to profitability in the first half of 2025.
Author's summary: Invest Bank launches Islamic banking operations.
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