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UAE Central Bank: Sharaih-copmpliant certificates of deposit successful

Posted on 15 November 2010

From WAM: UAE Central Bank said that the inaugural auction of the Shariah-compliant certificates of deposit (CDs) was successful as the Islamic banks are participating in the auction of the newly launched Islamic finance product.
The Islamic banks operating in the country have started to participate in the auction, asserted the Central Bank of UAE……………………………………….Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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