Commercial Bank International receives approval to close Islamic banking window

Commercial Bank International (CBI) has announced that it will proceed with the closure of its Islamic Window after receiving approval from the Central Bank of the UAE’s Higher Shariah Authority.

In a statement issued on 13 January 2026, the bank said the Higher Shariah Authority had reviewed and approved the methodology submitted for the closure, confirming that there was no objection to the process proceeding in line with applicable Shariah standards and regulatory resolutions.

The Islamic Window will be closed through what the bank described as an orderly and controlled process, fully compliant with all relevant regulatory and Shariah requirements. Commercial Bank International said it is committed to ensuring continuity of service for customers throughout the transition period.

The bank confirmed that the closure of the Islamic Window is not expected to have a material impact on its financial position, capital adequacy or ongoing operations. It said further updates would be provided to the market as required, in accordance with applicable disclosure obligations.

Commercial Bank International, commonly known as CBI, was established in 1991 and is headquartered in Dubai. The bank offers a range of corporate, retail and Islamic banking services, focusing on what it describes as innovative and personalised solutions for businesses and individuals.

CBI is listed on the Abu Dhabi Securities Exchange and is regulated by the Central Bank of the UAE and the Securities and Commodities Authority. The bank is majority-owned by UAE shareholders, and its board includes strong representation from UAE nationals.