UAE: First Digital Islamic Bank Launched

United Arab Emirates News developments

UAE: First Digital Islamic Bank Launched

Al Bayan, 1 March 2024: The first digital Islamic bank has been launched in the country.

Roya Local Islamic Bank has launched its services in the UAE.

It describes itself as offering digital, modern and advanced Islamic banking services.

It is licensed by the Central Bank and aims to professionally and seamlessly integrate advanced technology with the basic principles of Islamic finance, to meet the requirements of individuals and companies. It also aims to provide a seamless digital banking experience and provide the highest levels of security and modernity.

For the full story, click here.

To view more news items and other content we have available, visit to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit,

You can also explore the legal landscape by subscribing to our Weekly Newsletter.

Tanya Jain