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Islamic finance is used towards contributing to environmental, social and humanitarian projects, in line with the spirit of Islam.
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Bank to carry out maintenance work on that day from 2am to 10am UAE time
Proposal was made during the Annual General Assembly held virtually.
Banks, financial institutions will have to incorporate principles of responsible financing.
Hana Al Rostamani appointed as group chief executive officer of FAB.
Move will accelerate transformation of digital payments and support financial inclusion.
Shariah-compliant banks lead in personal finance products due to several factors, mainly for transparency and trust.
Move will provide relief for banks, finance companies enabling them to provide new loans, facilities to customers affected by the pandemic.
Creates one of the largest Islamic banks in the world with assets exceeding Dh300 billion