Mal receives in-principle CBUAE approval for bank licence
Abu Dhabi-based Islamic digital banking group Mal has received an in-principal approval from the Central Bank of the UAE to establish a licensed bank.
The approval will facilitate Mal Group’s advancement towards the launch of its global Shariah-compliant financial services platform, state news agency WAM reported.
Mal aims to build a mobile-first, AI-native Islamic digital bank best place to serve underbanked communities globally.
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