Islamic banking in the UAE is going from strength to strength and plays a key role in the economy by providing an alternative solution to conventional products and services, a top official of Mashreq Al Islami said.
“Our estimate is that Islamic banking has taken 20 per cent market share of overall banking in the UAE. This is a very positive sign and shows the continued growth in Islamic banking in the Emirates,” Moinuddin Malim, chief executive officer of Mashreq Al Islami, told Khaleej Times on the sidelines of World Islamic Retail Banking conference, which concluded here on Wednesday………………………………………..Full Article: Source