Emirates Islamic
“Can a Shariah-compliant bank become the digital-first Islamic banking leader in the UAE through a parent-group platform and fintech ecosystem partnerships?”
Founded2004
HQDubai Healthcare City, Dubai, United Arab Emirates
IndustryBank / National
The story
Emirates Islamic is a UAE Shariah-compliant retail and corporate bank, subsidiary of Emirates NBD Group, founded in 2004. The bank has pursued an aggressive digital transformation strategy (chairman cites 98% of transactions as digital post-COVID), launching the EI+ mobile app, businessONLINE platform for corporates, and a Plug and Play-powered Future Lab fintech accelerator focused on Islamic SME finance, trade finance and financial wellbeing. Recent strategy emphasizes product firsts (UAE's first Shariah CD program) and ESG-linked corporate facilities.
Product timeline
2004
Founded as a Shariah-compliant Islamic bank, subsidiary of Emirates NBD Group.· banking
2024
Celebrated 20 years of operations with strategic report highlighting digital transformation.· banking
2026
Launched UAE's first Shariah-compliant Certificate of Deposit Programme ($2B size).· banking
2026
Extended AED 200M Shariah-compliant working capital facility to EasyLease.· lending
2026
Structured AED 250M ESG-linked facility with Brands for Less Group.· lending
Regulated entities
1
regulatory licence held by Emirates Islamic
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
7 layers disclosed in Emirates Islamic’s embedded-finance stack
Payments / PSP
Banking / BaaS
in the full report
Card issuing
in the full report
Ledger
in the full report
Lending
in the full report
Payroll
in the full report
FX & payouts
in the full report
Accounting gap: minor
18 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.