The Ministry of Finance has signed a cooperation agreement with Abu Dhabi Islamic Bank, making it the first participating bank in the 'Individual Sukuk' initiative.
This partnership marks a significant step in implementing the state program to develop the Islamic finance market and enhance financial inclusion. The 'Individual Sukuk' initiative aims to provide a wide range of investors with access to Sharia-compliant financial instruments.
"We are pleased to partner with Abu Dhabi Islamic Bank, a leader in Islamic banking," the Ministry of Finance stated. "This alliance will strengthen the UAE's position as a global hub for Islamic finance."
The bank expressed its interest in the project, noting that it fully aligns with its strategy to expand its product offerings to meet client needs in accordance with Sharia principles.
