From Kippreport.com: Islamic lenders operating in the United Arab Emirates have so far invested 3.5 billion dirhams ($954 million) in sharia-compliant certificate of deposits, a central bank official said in published remarks.

Proceeds from such Islamic certificates were very close to the revenue of conventional instruments in which commercial banks invest, Seif al-Shamsi, executive director for the treasury department at the UAE Central Bank, told the Arabic language daily Al-Khaleej…………………………………….Full Article: Source