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Abu Dhabi launches first Islamic digital bank for Gen Z

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Abu Dhabi Islamic Bank (ADIB) has launched Amwali, the world’s first Islamic digital proposition which has the main purpose of facilitating the youth between 8 to 18. In a statement, the bank said that Amwali brings innovation and banking products together for the young generation to enhance their banking experience adding that the banking system now is branchless, paperless, and signature-less.

ADIB had been working on this project for over a decade and the bank has more than 100,000 customers under the age of 24. This is why the bank came up with the idea of empowering them through digital banking experience.

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