Mal.ai receives in-principle approval for bank licence from CBUAE
Mal.ai issued In-principle bank licence approval affecting Central Bank of the UAE on May 18, 2026.
- Primary
- Mal.ai
- Counterparty
- Central Bank of the UAE
- Structure
- In-principle bank licence approval
- Date
- May 18, 2026
- Sub-sector
- Embedded Finance
Regulatory milestone enabling Mal to launch Shariah-compliant digital banking platform across banking, wealth, payments, and embedded finance targeting $7 trillion Islamic finance market.
Source: tucsonpost.com