Emirates Islamic plans to close five branches as it rationalises network

Emirates Islamic Bank is rationalising its branch network in the UAE as online banking is increasing in the country, a senior official said.

- Waheed Abbas

Emirates Islamic announced a record Dh3.2 billion profit before tax for the first nine months of 2025. – FILE PHOTO

“We are rationalising our branches, given the fact that technology is taking over. But we don't want to eliminate the physical presence. Three months before, we were 45 branches; we are in the process of closing five, but we might open elsewhere, or we may invest whatever cost we save further into technology development to provide the customer service that is required,” said Mohammed Kamran Wajid, deputy CEO of Emirates Islamic.

However, he ruled out any impact on the number of jobs in the bank due to branch closure.