First Digital Shariah-Compliant Bank in the World Launched

Zurich Capital Funds Group (Zurich Capital) has announced the launch of a digital bank that provides all banking services in compliance with Shariah principles. The bank is to start in the United Arab Emirates, with plans to launch thereafter across the Middle East, North Africa, Europe, and, gradually, the world.

Why it Matters?

Being the first digital Islamic bank in the world, Zurich Capital is supported by partnerships with other Islamic banks and financial institutions that include fintech investment and other companies, and it is designed to listen to clients, analyse their lifestyles and priorities, and provide them with smooth and flexible Shariah-compliant banking support.

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