Reports have mentioned that the Central Bank of UAE is working on a liquidity window, which is compliant with Shariah so that the Islamic banks can access their short-term funding requirements.
A team has been formed for studying and probing into the requirements of Islamic Banks in UAE. The committee has mentioned that it is working on Shariah instrument for substituting certificates of deposits that are used by traditional banks for parking their short-term surplus funds with the UAE Central Bank.
Sell a property
Sell a property
0 comments:
Post a Comment