Tarabut has received in-principle approval from the Central Bank of the United Arab Emirates (CBUAE) following the introduction of the UAE’s Open Finance regulation.
This milestone positions Tarabut at the forefront of Open Finance in the region and represents its third national regulatory license, following approvals in Bahrain and Saudi Arabia.
With this approval, the company becomes the first regional fintech to be licensed under Open Finance frameworks in all three major Gulf economies, underscoring its critical role as the infrastructure layer powering the future of financial services in the region. Its technology enables regulated financial institutions, lenders, insurers, and digital platforms to leverage customer-permissioned financial data for real-time credit decisions, income verification, and personalized offerings.
According to the statement, “By embedding these capabilities directly into partner platforms, the company unlocks inclusive, intelligent, and accessible financial services, at scale.”
Abdulla Almoayed Founder & CEO Tarabut
“This is a pivotal step forward for financial inclusion in the UAE and across the region. We’re proud to partner with the Central Bank of the UAE to help realise the national vision for Open Finance. Tarabut’s infrastructure delivers real-time, data-driven products – credit cards for the underserved, embedded SME financing, and more, driving real economic value and enabling access where it’s needed most.”
Tarabut
Tarabut is MENA’s leading Open Banking and Embedded Finance platform, regulated in Saudi Arabia, the UAE, and Bahrain. The company provides secure, compliant API infrastructure that enables financial institutions and digital platforms to deliver seamless, personalized financial experiences, advancing financial inclusion across the region.
