05.07.2010 - UAE plans to boost Shariah markets
From Gulf-times.com: The UAE, the second-largest Gulf economy, may follow Malaysia, Bahrain and Indonesia in selling Islamic securities with maturities of less than 12 months as legislators consider establishing a local debt market, according to Royal Capital. Islamic bills would give Shariah-compliant banks more investment options, said Ahmed Talhaoui, Abu Dhabi-based head of investment at Royal Capital, which is 44%-owned by United Gulf Bank, an investment bank in Bahrain..............................................Full Article: Source
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