Central Bank Governor shines light on challenges ahead Islamic Banks
There are already 8 Islamic banks in the UAE with 260 branches and assets and liabilities of AED 269 Billion (US$ 73.1 Billion). This represents 17% of total assets and liabilities of the banking system in the UAE.
Sultan Bin Nasser Al Suwaidi, UAE Central Bank Governor, congratulated the Sultanate of Oman for licensing its first Islamic bank at a seminar on "Islamic Finance in a global perspective" which was held at the Central Bank.
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