Dubai Chambers and Emirates Islamic sign MoU to give members Shariah-compliant banking, trade finance and corporate solutions

Dubai Chambers and Emirates Islamic have entered a formal partnership through a Memorandum of Understanding. The agreement aims to give Dubai Chambers' member companies streamlined access to a range of Shariah-compliant banking and financing solutions offered by Emirates Islamic.

The MoU specifies several concrete areas of collaboration:

• Access to Shariah-compliant banking products tailored for businesses.

• Cash-management services for corporate liquidity and payments.
• Corporate financing solutions to support growth and operational needs.
• Joint programmes — seminars, workshops and business forums — to raise financial awareness and support private-sector competitiveness.

Khalid AlJarwan, Executive Vice President of Commercial and Corporate Services at Dubai Chambers, described the partnership as part of Dubai Chambers' ongoing efforts to provide member companies with tools that support growth and expansion. He said the agreement will offer financial advisory services and Shariah-compliant financing products to help businesses increase their contribution to Dubai's economy and enhance competitiveness.

Vivek Shah, Head of Corporate and Institutional Banking at Emirates Islamic, said the bank is pleased to collaborate with Dubai Chambers to offer growth opportunities to Dubai businesses. He framed the partnership as a way for Emirates Islamic to deliver "innovative, ethical banking and finance solutions" and support the private sector through customer-focused propositions and financial-awareness programmes.

Practical implications for member companies

Member firms should expect more direct pathways to credit and transaction banking that comply with Shariah principles. For companies already seeking Islamic finance, the MoU could simplify introductions to appropriate products and advisory services. For firms unfamiliar with Islamic banking, the planned seminars and workshops offer practical instruction on product features and suitability.

Specific user benefits likely to matter to businesses:

• Faster access to product information and relationship channels through Dubai Chambers' network.
• Tailored trade-finance options for cross-border activity.
• Cash-management tools adapted to corporate transaction volumes.
• Educational events that explain product mechanics and risk considerations.

• If you are a Dubai Chambers member considering Islamic finance, contact Dubai Chambers for an introduction to Emirates Islamic's corporate team.
• Watch for upcoming seminars and workshops announced by Dubai Chambers to learn about product specifics and suitability.
• Prepare documentation commonly required for corporate banking and trade finance to accelerate onboarding once a solution is selected.

Shariah-compliant banking and finance while adding a learning component through joint events. It formalises collaboration between a business advocacy body and an Islamic bank to improve access to financing and financial knowledge for the private sector in Dubai.