| 16.11.2010 - UAE Islamic certificates auction successful: central bank |
| From Khaleejtimes.com: The Central Bank of the UAE has announced the successful inaugural auction of Shariah-Compliant Certificates of Deposit (ICDs), a move which will allow Islamic lenders to better manage their short term liquidity. Islamic banks operating in UAE have started participating in the auction of these Certificates for tenors from 1 week to 12 months, the central bank said in an announcement..............................................Full Article: Source |