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Islamic Finance Briefing - Categorized | Banking, Emerging Trends more

Emirates Islamic poised for growth

Posted on 13 June 2011

Emirates Islamic Bank (EIB) was launched in 2004 to provide high quality Islamic banking services across the UAE. A fully owned subsidiary of Emirates NBD, the bank offers a range of Sharia compliant products and services.

Instead of conventional credit facilities like loans and overdrafts, the bank uses Islamic financing methods such as Murabaha, Ijarah and Salam. The bank uses Islamic profit-sharing structures and Islamic investment funds………………………………………Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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