“MINT Gateway” and “Alternative Venture Capital”, a subsidiary of Abu Dhabi Capital Group, have received in-principle approval from the Central Bank of the UAE to establish “Omla Community Bank” in the Emirate of Umm Al Quwain.
The upcoming digital bank will be headquartered in Umm Al Quwain and plans to provide services across all seven emirates of the UAE.
Abdulrazzaq Al Abdulla, Founder of “Omla” and Chairman of GBS Holding Group and “Mint Gateway”, described the approval as a major step toward launching a new digital banking model designed to transform financial services in the UAE. He also thanked the Government of Umm Al Quwain and the Central Bank of the UAE for supporting the project.
According to Al Abdulla, “Omla Community Bank” aims to create a modern banking ecosystem powered by artificial intelligence, smart automation, and advanced digital infrastructure. The bank plans to offer simple, accessible, and efficient financial services for individuals, families, entrepreneurs, workers, and micro, small and medium-sized businesses.
He said artificial intelligence will play a central role across the bank’s operations, including customer service, risk management, compliance, governance, cybersecurity, and core banking systems. The AI-driven structure is expected to improve efficiency, transparency, and long-term sustainable growth.
The bank also plans to go beyond traditional banking by developing an integrated financial platform covering everyday needs such as housing, education, healthcare, transport, food, public services, and commerce through AI-enabled financial solutions.
“Omla Community Bank” will introduce a modern workplace culture under its “No Tie Policy”, reflecting a flexible and innovation-focused banking environment aimed at staying closer to customers and encouraging creativity.
As founding shareholders, “Mint Gateway” and “Alternative Venture Capital” said they are combining financial expertise, strategic investment, and long-term vision to build a future-ready banking platform aligned with the UAE’s digital transformation goals.
The bank is expected to support the UAE’s priorities in financial inclusion, SME growth, responsible AI adoption, digital economy development, and sustainable community growth.
Once officially launched, “Omla Community Bank” is expected to provide services including digital accounts, payments, money transfers, remittances, savings products, responsible financing, vehicle financing, rental-linked financial solutions, merchant payment systems, SME banking services, and AI-powered financial insights.
The stakeholders confirmed that all products, technologies, and services remain subject to final regulatory approvals from the Central Bank of the UAE before the bank officially begins operations.
