From Ph.msn.com: The German luxury car maker Daimler said on Wednesday it would launch a financial services unit in the United Arab Emirates to offer credits which conform to Islamic law.

Daimler’s financial division has created a joint venture with importers of Mercedes-Benz automobiles in Abu Dhabi and Dubai to offer loans and leasing for new and used vehicles, “including a shari’a compliant Islamic finance product,” a statement said……………….Full Article: Source