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 01:51 2017 Thursday ,29 June
UN Watchdog Slams Israel Abuses, Demands Gaza War Probe
GMT 18:46 2018 Sunday ,16 September
Algeria-UAE Joint Commission to expand economic cooperation
GMT 19:07 2017 Monday ,10 April
Clashes in Lebanon Palestinian camp kill 2
GMT 01:14 2016 Saturday ,31 December
Over 6,500 Quakes Felt Across Japan in 2016
GMT 08:30 2018 Wednesday ,12 September
PM for collectively working towards progress, prosperity of nation
GMT 13:54 2016 Monday ,05 September
At 82, Jane Goodall embraces modern technology
GMT 11:08 2018 Sunday ,14 January
Trump would make 'big mistake' by leaving Iran deal
GMT 16:56 2017 Tuesday ,07 February
Rescuers continue search for trapped Chinese miners in Albania
GMT 06:33 2017 Thursday ,29 June
Ministry of Interior moots enforcement of unmanned aircraft system regulations
GMT 00:32 2017 Saturday ,07 October
France deploys artillery, readies carrier ahead of Mosul offensive
GMT 23:46 2017 Saturday ,22 April
Confusion, chaos after Taliban breach Afghan base in deadly attack
GMT 19:39 2017 Wednesday ,08 February
AL chief condemns Israel's decision to issue West Bank outposts bill
GMT 16:25 2017 Saturday ,21 October
'Thor: Ragnarok' could cap record year for Marvel
GMT 02:04 2017 Thursday ,29 June
Aid workers must heed local culture to save lives: Red Cross
GMT 09:01 2017 Tuesday ,14 November
Greek PM announces welfare handouts of 1.4bn euros
GMT 19:31 2017 Wednesday ,19 April
Sharjah Ruler opens 9th Session of SCRF 2017
GMT 03:23 2017 Sunday ,16 July
Costa Rica, Canada reach Gold Cup quarterfinals
GMT 17:23 2017 Thursday ,15 June
Etihad Airways appoints new General Manager in Oman
GMT 21:08 2017 Saturday ,24 June
Russian military signs ceasefire deal with Syrian Latakia province
GMT 22:27 2017 Tuesday ,28 February
Government airstrikes target Palmyra amid violent clashes
GMT 08:27 2018 Tuesday ,27 November
Eurasian Economic Union to protect itself from anti-Russian sanctions
GMT 07:27 2018 Thursday ,22 November
Cloudy weather with showers forecast Thursday, depression over weekend
GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumbles
GMT 15:03 2016 Monday ,18 January
Dust storm hits Sharqiya, Qalubiya, North Sinai
GMT 17:18 2017 Tuesday ,11 April
Iran factor in the future of Turkey-Russia relations
GMT 01:11 2017 Wednesday ,20 December
French FM applauds "excellent ties" with Kuwait
GMT 17:56 2016 Tuesday ,19 July
Saudia resumes flights to Turkey
GMT 18:12 2017 Sunday ,12 February
German airport closed after suspicious substance found
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor