From Thenational.ae: The National Bank of Abu Dhabi (NBAD) is to launch the first Sharia-compliant repurchase agreement, in a move expected to give a shot in the arm to the UAE’s banking industry.
Repurchase agreements, also known as repos, allow a bank to lend money by buying an asset and reselling it at an agreed time, granting extra funds to lend or to purchase assets……………………………………….Full Article: Source