Dubai Times
Live, Love, Leverage – Ya Habibi!
Tuesday, Jul 08, 2025
العَرَبِيَّة
UAE Central Bank Penalizes Bank for Islamic Window Violations
Six-month freeze imposed on onboarding new clients
The UAE Central Bank has imposed a six-month ban on a local bank's Islamic window from onboarding new customers, citing regulatory violations.
In addition, a fine of 3.5 million dirhams has been levied for non-compliance with operational guidelines.
Authorities stress the action is part of broader efforts to ensure financial sector integrity.
Translation:
•
البنك المركزي الإماراتي يعاقب بنكًا لانتهاكات نافذة الإسلامية (Arabic)
Translated by AI
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