07.06.2011 - Islamic banks in the UAE now almost one-fifth of financial sector
Assets and liabilities held by Islamic financial institutions within the United Arab Emirates (UAE) reached AED 269 billion ($73.1 billion) as at the end of 2010, equivalent to 17 per cent of the total assets and liabilities of the country’s banking system. The number of Islamic banks operating in the UAE now stands at eight (not including those conventional institutions operating Islamic ‘windows’) with some 260 branches...............................................Full Article: Source
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