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Fitch Ratings has assigned Al Hilal Bank's USD2,500,000,000 trust certificate issuance programme an expected Long-term rating of A+ and expected Short-term rating of F1. Key rating drivers are solely Al Hilal's Issuer Default Ratings.

HE Sultan Bin Nasser Al Suwaidi, Governor of the Central Bank of the UAE, stated that the number of Islamic banks operating in the UAE now stands at eight. The Governor also congratulated the Sultanate of Oman on the licensing of its first Islamic bank and welcomed the Central Bank of Oman to the Islamic finance community of regulators.
Despite this, Al Suwaidi was the one that directed the majority of his remarks to the state of Islamic finance within the UAE itself.

The Central Bank of the UAE has announced the successful inaugural auction of Shariah-Compliant Certificates of Deposit (ICDs).
The inaugural auction was held on Wednesday, 10th November 2010. The ICDs, which are based on Murabahah concept, are the first Islamic liquidity management tools issued by the Central Bank of the UAE.
The ICDs are the first Islamic liquidity management tools issued by the Central Bank of the UAE.