Emirates Islamic to accelerate FinTech innovation in the UAE in collaboration with Plug and Play Abu Dhabi

Emirates Islamic to accelerate FinTech innovation in the UAE in collaboration with Plug and Play Abu Dhabi

Dubai: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has launched a global FinTech accelerator campaign in collaboration with the world’s leading innovation platform, Plug and Play Abu Dhabi. The campaign is a call to action for leading Islamic FinTechs and financial startups with propositions that can enhance customer journeys across SME financing, trade finance and financial wellbeing.

This builds on Plug and Play Abu Dhabi’s partnership with the banking Group. Earlier last year, Emirates NBD had partnered with the platform to boost its open innovation ecosystem globally.

In recent years, Islamic finance has grown rapidly in both its role in ethical financial empowerment and in terms of global financial market share, with an estimated growth of 18%, reaching a potential USD 179 billion in transaction volume by 2026[1]. Emirates Islamic’s global FinTech accelerator campaign demonstrates the bank’s commitment to the expansion of the global Islamic banking market, driven by banking innovation and service excellence.

As a leader in digital banking, Emirates Islamic has continued to strengthen its digital offerings, allowing customers easy access to a range of transactions backed by the latest in banking innovation. In 2022, the bank launched various initiatives including ATM / CDM transformation and