Dubai islamic bank joins etisalat digital’s blockchain platform “UAE trade connect”

Dubai islamic bank joins etisalat digital’s blockchain platform “UAE trade connect”

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE and the second-largest Islamic bank in the world, has announced that it has become an official member bank of UAE Trade Connect (UTC).

Commenting on the partnership,

Dr. Adnan Chilwan, Group Chief Executive Officer at Dubai Islamic Bank, said: “Joining UAE Trade Connect as a member bank is an important milestone for Dubai Islamic Bank as we set out to mitigate the risk of fraud and safely move towards a fully digitised trade finance ecosystem”

Salvador Anglada, CEO Etisalat Enterprise Digital further commented: “We are excited to have Dubai Islamic Bank, the largest Islamic bank in the country, partner with us, thus strengthening the #UTC consortium. This reflects the banking sector’s commitment to accelerate the digital transformation process and prepare the UAE to enter into the new digital banking era”