UAE Islamic banking assets reach Dh520b
Islamic banking deposits increased by 42% over the past three years
Abu Dhabi - Arab today
Saif Hadef Al Shamsi, Assistant Governor for Monetary Policy and Financial Stability at the UAE Central Bank, has said that total Islamic banking assets in the UAE have increased to approximately Dh520 billion in the past few years.
Al Shamsi added that Islamic banking’ assets account for around 20 per cent of Dh2.6 trillion of the total assets of the state’s banks, noting that there are seven Islamic banking and financial institutions operating in the country.
The assistant governor pointed out that UAE Islamic banking institutions account for about 7 per cent of the total assets of Islamic banking around the world which approximately amount to a total of $1.5 trillion (Dh5.5 trillion).
He further explained that Islamic banking deposits increased by 42 per cent over the past three years, compared to an 18 per cent growth rate in conventional banking institutions, and that lending by Islamic banks increased by 54 per cent
source : gulfnews
- Saturday ,06 January GMT 14:58 2018 Sharjah Islamic Bank raises capital through issuance of convertible Sukuk
- Thursday ,04 January GMT 16:49 2018 UAE conventional banks' assets amount to AED2.148 trillion in late November
GMT 14:58 2018 Saturday ,06 January
Sharjah Islamic Bank raises capital through issuance of convertible SukukGMT 16:49 2018 Thursday ,04 January
UAE conventional banks' assets amount to AED2.148 trillion in late NovemberGMT 20:48 2017 Thursday ,28 December
UAE Central Bank: M2 increases to AED1248.8 billionGMT 15:47 2017 Monday ,25 December
Central Bank reports Money Supply changesGMT 02:28 2017 Monday ,25 December
DFM welcomes listing of Bahrain’s Khaleeji Commercial Bank
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 17:06 2017 Sunday ,01 October
Renewable energy investors see opportunity in Puerto Rico’s
GMT 07:14 2018 Sunday ,09 December
Liverpool go top as Man City lose unbeaten record at Chelsea
GMT 23:48 2017 Wednesday ,20 December
Mohamed bin Zayed, King Salman discuss regional issues
GMT 06:42 2017 Sunday ,17 December
Saudi Arabia to Announce ‘Citizen Account’ Policies
GMT 11:19 2016 Saturday ,24 September
Kerber to strengthen number one hold in Wuhan
GMT 18:07 2017 Saturday ,17 June
Huawei launches Ramadan campaign ‘Light up your heart’
GMT 09:54 2016 Friday ,30 December
Shoot knife-wielding Palestinian woman
GMT 22:51 2017 Sunday ,08 January
In Zimbabwe, a first lady exerts her power
GMT 02:52 2016 Wednesday ,21 December
Obama condoles with Merkel after market attack
GMT 16:29 2017 Thursday ,26 January
Prefers social TV programs to politics
GMT 06:00 2017 Tuesday ,17 October
Putin says welcomes Trump's calls for deeper ties with Russia
GMT 04:54 2017 Tuesday ,21 February
Al-Zayani denounces terrorist bombings in Iraq, Pakistan
GMT 16:43 2016 Saturday ,15 October
DiCaprio issues climate action call in new documentary
GMT 04:46 2017 Wednesday ,01 February
Former head of Italy's railways found culpable over 2009 train disaster
GMT 15:07 2016 Monday ,18 July
Riyad Bank posts SR1.15bn net profit
GMT 19:11 2017 Thursday ,09 March
More than 22 million Pakistan children out of schools: Report
GMT 06:27 2018 Wednesday ,24 January
Bahrain International Airport posts 10% cargo growth in 2017
GMT 04:38 2018 Wednesday ,24 January
Weak eyesight no hindrance for 'Professor' Chung
GMT 13:51 2017 Tuesday ,19 December
Al-Qaeda divisions may aid Assad as he eyes Syria’s Idlib
GMT 15:05 2013 Wednesday ,18 December
CMJ Media unveils Endless Jewelry & Allied Gold as new clients
GMT 21:41 2017 Wednesday ,03 May
4 hardcore suicides tried by military courts hanged
GMT 15:12 2017 Sunday ,27 August
Emirati women have excelled in all fields: Razan Al Mubarak
GMT 02:46 2017 Thursday ,13 July
Widodo prays at Kocatepe Mosque in Ankara city
GMT 01:29 2017 Friday ,08 December
UAE condemns US decision on Jerusalem
GMT 10:32 2017 Tuesday ,09 May
How Egypt’s Eman Ahmed will be treated after move from India to UAE
GMT 23:57 2017 Thursday ,19 October
Google’s sister company Deepmind forms ethics unit
GMT 07:26 2016 Sunday ,11 September
President Xi congratulates opening of Schwarzman College
GMT 19:58 2017 Monday ,13 February
World's heaviest woman under observation; put on liquid diet
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor