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CBI launches new Islamic Banking window
BY OUR BUSINESS BUREAU November 08, 2015
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DUBAI: Commercial Bank International (CBI) has launched Al Islami, the bank’s Islamic Banking window, which offers a wide range of Shari’a compliant financial solutions and banking services aimed at the corporate financial world. Guided by leading international Shari’a advisor, the Shariyah Review Bureau — which will provide consultancy and audit support to CBI — Al Islami will offer a suite of corporate banking products catering to its customers’ financial needs and requirements.

 
CBI Chairman, Mohammed Sultan Al Qadi, inaugurated Al Islami at its branch within the bank’s head office. He commented: “The Islamic financial services sector is one of the fastest growing segments of the UAE banking industry, with sharia-compliant assets predicted to reach $263 billion by 2019. CBI has launched Al Islami in response to this growing demand. CBI Al Islami aims to better address customer requirements for banking and financial transactions that are in line with Shari’a principles.”
 
Mark Robinson, CBI’s CEO, said: “CBI Al Islami provides our clients with a full range of sharia-compliant retail and corporate products that adhere to the highest ethical standards. 
 

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