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Islamic Finance Briefing - Categorized | Banking, Performance more

UAE Islamic banks’ assets up 11pct in 2010

Posted on 04 July 2011

Islamic banks operating in the UAE recorded growth in most of their banking operations in 2010, with their combined assets rising by nearly 11 per cent, according to the Dubai chamber of commerce and industry.

By the end of 2010, the collective assets of the eight Islamic banks in the UAE, the second largest Arab economy, totalled nearly Dh269 billion, accounting for around 16.2 per cent of the overall banking assets of Dh1.66 trillion……………………………………….Full Article: Source

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