28.02.2011 - NBAD to pioneer Sharia-compliant repo loans
From Thenational.ae: The National Bank of Abu Dhabi (NBAD) is to launch the first Sharia-compliant repurchase agreement, in a move expected to give a shot in the arm to the UAE's banking industry. Repurchase agreements, also known as repos, allow a bank to lend money by buying an asset and reselling it at an agreed time, granting extra funds to lend or to purchase assets..............................................Full Article: Source
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