Sharia compliance is the key factor driving savings decisions by United Arab Emirates nationals, where an ageing population is expected to boost demand for Islamic savings products, the chief executive of Dubai-based National Bonds Corp said.
“Sharia compliance has been the number one driver of choice of savings instruments among Emiratis and Arab expats,” Mohammed Qasim al-Ali said in an interview late last week. “We are seeing a definite increase in product demand.”……………………………………….Full Article: Source