what's the point for creating this bank and why it's islamic ??
Because Islam has regulated everything in their follower's life including the economic system, so they need a bank based on Islam regulation or rules, for example, Islam prohibits riba ( riba : when you give me a 10 $ loan, but i have to pay back 15 $, the 5$ is riba ) hmm but i don't know that it is necessary since i heard that in arab bitcoin is banned by the mufti, they said that transaction with bitcoin is haram.