UAE banks invest $953m via Islamic CDsIslamic lenders operating in the UAE have so far invested Dh3.5 billion ($954 million) in sharia-compliant certificate of deposits, a central bank official said in published remarks on Tuesday. Proceeds from such Islamic certificates were More… |
UAE cbank to launch Islamic CDsThe United Arab Emirates' central bank will launch Islamic certificates of deposit by the end of the year to help the country's Islamic banks manage cash, a senior banker at Standard Chartered Saadiq said on Monday. Afaq Khan, chief execut More… |