Sector: Banks & Financial Services
Market Value: $11.1 billion
Emirates Islamic provides Shariah-compliant financial services across 42 branches in the U.A.E. In September 2022, the bank signed an MoU with B2B eMarketplace, Tradeling, to strengthen the SME economy in the U.A.E. In February 2023, the bank completed the issuance of an AED-denominated sukuk valued at $272.3 million, and launched a global FinTech accelerator campaign in collaboration with the innovation platform, Plug and Play Abu Dhabi. Emirates Islamic is 99.9% owned by Emirates NBD Group.