Al Hilal Bank says not link to closed Al Hilal Exchange

Al Hilal Bank, an Islamic bank based in Abu Dhabi, said it had no connections with Al Hilal Exchange, a money transfer and currency exchange service provider, whose licensed was recently revoked by the UAE Central bank.

Al Hilal Bank would like to inform its customers, partners, stakeholders and the general public that it is not involved with any of Al Hilal Exchange’s operations and that the similarity of their corporate names is merely coincidental. Al Hilal Bank is a separate and independent entity.