Bank of Tokyo-Mitsubishi UFJ Dubai Branch obtains Islamic Finance license

Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) obtained an Islamic Financial Business endorsement to operate an Islamic Window from the Dubai Financial Services Agency on 8 July, 2015. This approval has enabled its Dubai Branch to offer both conventional and Islamic financial services to customers. BTMU commenced its Islamic finance services in 2008 through its Malaysian subsidiary. Since then, the Bank has accumulated various skill sets and expertise regarding Islamic finance services such as deposits and loans. BTMU opened its Dubai Representative Office (now Dubai Branch) in 2007. It will be the Bank’s central hub of Islamic finance services in Europe, Middle East and Africa region.