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Dubai Chambers has signed a strategic Memorandum of Understanding (MoU) with Emirates Islamic, one of the UAE’s leading Islamic financial institutions. The partnership aims to equip member companies with specialized banking and financing services, streamlining access to Sharia-compliant financial products designed specifically to stimulate business growth and optimize operational efficiency.

Under the framework of the MoU, both parties will collaborate to facilitate access for Dubai Chamber of Commerce members to bespoke banking and financing solutions provided by Emirates Islamic. These include Sharia-compliant products, trade finance instruments, liquidity management, and corporate financing structures tailored specifically to the needs of Dubai Chambers’ members. Additionally, the two organizations will jointly host economic forums, seminars, and workshops to elevate financial literacy and support commercial expansion.

Empowering the Private Sector

Khalid Al Jarwan, Vice President of Commercial and Institutional Services at Dubai Chambers, underscored the strategic alignment of the MoU with the Chambers' core mission. "This partnership with Emirates Islamic falls within our ongoing efforts to provide our member companies with the tools and solutions necessary to drive their growth and enhance their expansion capabilities," he said.

"By facilitating access to financial consulting and Sharia-compliant financing products, we help businesses unlock their full potential and amplify their contribution to the Emirate's economic growth. This aligns seamlessly with our commitment to championing innovation, promoting financial awareness, and elevating the competitiveness of the private sector," Al Jarwan added.

Driving Meaningful Economic Progress

Vivek Shah, Head of Corporate Banking at Emirates Islamic, echoed this sentiment, stating: "We are delighted to collaborate with Dubai Chambers to deliver meaningful growth opportunities for businesses operating within the Emirate of Dubai. This partnership reinforces our commitment to driving purposeful economic progress and prosperity."

Shah noted that Emirates Islamic brings substantial value through innovative, ethically grounded banking and financing solutions that boost sectoral competitiveness and enable scalable expansion. This is achieved by supporting the private sector with customer-centric offerings alongside dedicated financial education programs.

The MoU with Emirates Islamic reflects Dubai Chambers’ ongoing commitment to delivering value-added services that address the evolving requirements of the local business community. By continuously expanding its network of strategic financial partnerships, Dubai Chambers plays a pivotal role in empowering companies to establish, manage, and scale their operations in Dubai with enhanced flexibility and operational efficiency.