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Published byMervyn Pearson
Modified over 8 years ago
Islamic Banking In UAE
Introduction Islamic Law (Sharia) Activities started in 20th century Started in Egypt 1963 Establishment reason
Introduction First Islamic commercial bank – Dubai Islamic Bank – 1975 World Islamic banking conference – 1994 – Bahrain
Islamic Banking System Providing Financial Services – Lending Islamic Principal (fixed amount) Fixed installment(Murabahah) – Deposit Sharing profit and lost Instead of applying interest(Wadi’ah)
Islamic Banking Products MURABAHAH QARD HASSAN Islamic credit card
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In UAE Dubai Islamic Bank Abu Dhabi Islamic Bank Emirates Islamic Bank
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Emirates Islamic Bank Established 2004 Sister company of Emirates Bank They got award from H.H Shaikh Mohammed of being the best Islamic bank in UAE
Islamic Banking In UAE
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