Emirates Islamic & Buna partner to enhance cross-border payments in Arab region

Emirates Islamic & Buna partner to enhance cross-border payments in Arab region

Emirates Islamic, one of the four Islamic banks in Dubai, part of Emirates NBD Group, has partnered with the Arab payment system Buna, to enhance and facilitate cross-border transactions in the Arab region.

Buna is operated by the Arab Regional Payments Clearing and Settlement Organization (ARPCSO), a subsidiary of the Arab Monetary Fund (AMF).

In line with the bank’s commitment to driving innovation in the Islamic banking sector, the collaboration with Buna will help Emirates Islamic’s clients to make payments and transfers within the region, in a rapid, efficient and safe manner.

Mohammad Kamran Wajid

Deputy CEO

Emirates Islamic “As part of our digital transformation and innovation strategy, Emirates Islamic is continuously working towards strengthening and growing our digital offerings to customers, especially in the payment domain. With this collaboration with Buna, we look forward to empowering our customers by giving them access to a smooth, simplified and secure payments experience. In line with our vision to be the most innovative Shariah-compliant bank for our customers, people, and communities, Emirates Islamic will continue to forge such partnerships, to deliver innovative products and enhance customer experience.”

Aimed at encouraging greater economic integration through amplified trade and investment opportunities, Buna’s cross-border payment platform offers seamless clearing and settlement