Islamic Bank
Considering Islamic Bank for your business idea? This Dubai Mainland listing uses code 6419002. Use the details below to decide whether it belongs in the shortlist you discuss with Dubiz.
Activity code 6419002
Listed activity name: Islamic Bank
- Activity code
- 6419002
- Jurisdiction
- Dubai Mainland
- Licence type
- Commercial
- Group code
- 651912
Activity description
Includes financial institutions perform a form of modern banking based on the principles of sharia law, the underlying concept in this regard is designing investment operations contrary the interest-based commercial banking system, the approaches applied are Mudarabah (profit sharing), Ijarah (lease), Bai Salam (advance purchase), Istisna (manufacturing finance), Mudarabah (profit sharing), Musharakah (joint venture), Qard hassan (good loan), it involves conducting conventional banking against charges such as opening accounts, accepting deposits, opening letter of credits, issuing letters of guarantee
Additional requirements
No additional requirements are supplied in this record. This does not mean that no approvals are required; check the requirements for your application.
Authority reference: Invest in Dubai. Confirm the latest scope and requirements with the authority.
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Plan your business with DubizPublished by Dubiz Business Setup. This is an independent research directory, not a licensing decision. Data sources and limitations.