Blockchain Transforms UAE Law: Legal Fees Now in AE Coin

Abu Dhabi-based legal firm Mohammed Sultan Al-Naimi Advocates and Legal Consultations has become the first in the UAE to accept legal fees in AE Coin, the country’s first AED stablecoin regulated by the Central Bank of the UAE. This development follows a broader initiative to integrate digital currencies into the judicial and legal frameworks, reflecting the UAE’s ongoing commitment to digital transformation. The firm collaborates with Al Maryah Community Bank (Mbank), which serves as the banking partner for AE Coin and provides the infrastructure for blockchain-powered transactions [1].

The adoption of AE Coin by the legal firm is facilitated through the AEC Wallet, a digital platform developed by Mbank. This move aims to streamline and modernize legal fee payments by offering clients a secure, efficient, and locally compliant option. According to Mohammed Al Nuaimi, founder of the legal firm, the shift aligns with national efforts to digitize services and enhance transparency across sectors. It also sets a precedent for the legal industry to embrace digital financial tools while maintaining regulatory compliance [1].

Mbank, the UAE’s first fully integrated digital bank, plays a central role in enabling AE Coin transactions through blockchain technology. As the banking partner, Mbank provides a secure and regulated environment for AE Coin to function. Mohammed Wassim Khayata, CEO of Mbank, emphasized the importance of this partnership in embedding blockchain into everyday financial services. The bank’s mission is to foster innovation while upholding trust and compliance, a goal it shares with the legal sector in this collaboration [1].

Ramez Rafeek, General Manager of AE Coin, highlighted the significance of the legal firm’s adoption of AE Coin as a landmark use case. He noted that it demonstrates the potential of blockchain to complement the UAE’s legal and financial frameworks while supporting the country’s smart government vision. The initiative also reinforces the UAE’s broader strategy to position itself as a global hub for digital innovation and financial technology [1].

The move reflects growing confidence in digital assets across the UAE’s public and private sectors. AE Coin, designed for local payments and integrated finance, continues to expand its use cases, with the legal sector now joining other sectors in adopting the stablecoin. The partnership between Mohammed Sultan Al-Naimi Advocates and Mbank underscores the cross-industry support for AE Coin and highlights its potential for broader adoption in service-based sectors [1].

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[1] Mohammed Sultan Al-Naimi Advocates and Legal Consultations Now Accept AE Coin Powered by Mbank (https://www.zawya.com/en/press-release/companies-news/mohammed-sultan-al-naimi-advocates-and-legal-consultations-now-accept-ae-coin-powered-by-mbank-jzmjv10m)