Latest news with #dirham
Khaleej Times
2 days ago
- Business
- Khaleej Times
New UAE dirham symbol: Dos and don'ts, latest guidelines on how to use
The new dirham symbol, announced in March, signifies more than just financial value — it embodies heritage, ambition, and the nation's forward-looking vision. Designed with meticulous attention to detail, drawing inspiration from national motifs and guided by precise structural principles, the symbol combines the nation's cultural roots with its progressive outlook. Local authorities released new guidelines to ensure consistent application of the symbol across both physical and digital platforms, reinforcing its role within the country's financial narrative. Where will it be used? Should be used: On physical currency On cheques, invoices, receipts In POS systems, ATMs Online and in-store price displays In financial apps, accounting systems, UI fields Should not be used: As a logo or branding element On splash screens or headers In place of 'Dirhams' when writing out words How it should be used Keyboard Appears on number 6 key Placement: Single-language: Centred Dual-language: Top-left corner Minimum 2mm clear space around symbol Cheque book In 'amount in figures' field: Symbol before numeric value, same size/weight In 'amount in words' field: Use 'Dirhams', not the symbol Receipts Symbol before numeric value Same font, size, and weight Text should be in English and right-aligned with spacing Price tags Symbol directly before numeric value Same font, size, and weight Use either the symbol or "AED", not both Maintain clarity, especially in retail environments Dos and Don'ts Dos: Maintain symbol shape and direction with text Ensure proportional spacing and size relative to numerals Use sufficient contrast Use either the symbol or 'AED', not both Position symbol to the left of numerals Maintain clearspace and geometry Don'ts:
Zawya
12-05-2025
- Business
- Zawya
Mbank provides AED Escrow Account Services to Changer.ae clients enabling secure and regulated Dirham to crypto conversions
Abu Dhabi, In a significant step toward bridging the gap between traditional finance and the digital asset economy, Mbank provides AED Escrow Account Services to clients enabling secure and regulated dirham to crypto conversions and trades executed at the platform. Through this service, customers can safely utilize a Dirham escrow account powered by Al Maryah Community Bank (Mbank), while all conversions between dirhams and crypto assets are executed by Mbank and have announced the launch of a unique Dirham-based crypto conversion service, including a fully regulated fiat escrow account in AED for crypto transactions. The announcement was made during TOKEN2049 Dubai, with Mohammed Wassim Khayata, CEO of Mbank and Board Member of and Wang Hao, Senior Executive Officer at in attendance. The Central Bank of the United Arab Emirates (CBUAE) has officially approved Mbank to open an AED Escrow Account for is a premium independent crypto custodian service and Virtual Asset Service Provider (VASP) licensed by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This approval enables secure and compliant holding of AED funds in escrow through Mbank's digital infrastructure, while the conversion of virtual assets and stablecoins such as USDT and USDC into AED is carried out by For customers, this means they can confidently and immediately convert their digital assets into local currency within a fully regulated and secure environment, eliminating the uncertainty and delays often associated with fiat, in on-ramp and off-ramp transactions. The service is entirely online, providing fast, transparent, and seamless access to funds, and allows individuals and businesses to manage crypto-to-fiat flows with ease, backed by Mbank's trusted digital banking platform. The cooperation between Mbank and enables individuals to exchange supported cryptocurrencies and stablecoins into AED via with the converted Dirham funds held securely in escrow by Mbank. It also provides businesses with the tools to operate transactions entirely within a regulated, blockchain-enabled system, with real-time access to fiat and crypto balances. This escrow service supports Crypto to Dirham and Dirham to Crypto conversions executed by while the customers' Dirham funds and transactions are fully protected through the comprehensive regulatory compliance and by Mbank's secure technology infrastructure. Furthermore, this service facilitates fast movement of customer's AED funds, in and out, within the UAE banking system. In addition to the escrow service, Al Maryah Community Bank has received approval from the Central Bank of the UAE to provide Payment Token Services within the country. This new capability allows merchants to open accounts and accept payments through the AEC Wallet, further reinforcing Mbank's role in supporting a regulated and innovative crypto payments ecosystem in the UAE. Mr. Mohammed Wassim Khayata, CEO of Mbank and Board Member of stated: 'We are excited to offer this unique service to our customers, providing a seamless way to integrate Dirhams and crypto-related transactions with confidence. By providing AED Escrow Account Services to we ensure secure and regulated dirham to crypto conversions for Changer clients. This partnership with aligns with our mission to drive innovation in the UAE's financial ecosystem by offering regulated and secure financial infrastructure. The launch of this escrow account demonstrates the UAE's commitment to becoming a global crypto hub while maintaining the highest standards of security and regulatory compliance.' Mr. Wang Hao, Senior Executive Officer at said: 'At we are thrilled to bring this innovative product to the market in collaboration with Mbank. With the approval from CBUAE, we are enhancing our service offerings by providing a secure, reliable, and convenient way for customers to access crypto services. This product reflects our continued dedication to bridge the gap between traditional finance world and the rapidly growing world.' Mr. Tarek Soubra, Chief Technology Officer at Mbank, added: 'This new AED escrow account service is an exciting leap forward for both Mbank and By leveraging the safe and reliable crypto custody infrastructure and systems of developed in-house using the highest standards of security, reliability, and compliance without reliance on third-party Crypto custody platforms, and the seamless and straight through integration between the systems of Mbank and our customers benefit from a safe, fast, and transparent crypto-to-fiat experience. Customers can now convert their cryptocurrencies into AED through and then use their converted AED funds immediately and seamlessly, with Mbank holding the AED funds in escrow. Alternatively, Mwallet customers can now receive their converted AED funds immediately into their wallets and use them for any supported transactions or for immediate cash withdrawal, using Jaywan ATM card.' About Al Maryah Community Bank Al Maryah Community Bank is the first fully integrated digital bank in the UAE, providing an omnichannel experience for both individual consumers and small businesses. The bank is highly specialized, focusing on growth and serving the UAE community, which includes UAE Nationals, residents, and businesses (both SMEs and corporates). The bank's vision aligns with that of the UAE's leaders, who are committed to supporting individuals and small businesses within the UAE economy and fostering a forward-thinking culture that emphasizes innovation and technology. About Ltd is a global premium trusted crypto custodian service based in the United Arab Emirates and regulated by the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). It is exclusively dedicated to safeguarding and managing digital assets by providing easy, reliable, and trustworthy solutions that help protect and grow crypto investments. With an interface built by experts in the field, combined with cutting-edge technology and advanced encryption techniques, a seamless, fast, and safe experience is guaranteed.
