Islamic certificates of deposits (CDs) issued by the UAE central bank in late 2010 soared by nearly Dh13 billion at the end of June as banks appear to investing heavily in such tools issued in the country for the first time.
Total CDs, including conventional and Islamic CDs, slipped by around 1.3 per cent in June after a steady rise in the previous months but remained at one of their highest levels, according to figures issued by the central bank……………………………………….Full Article: Source