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The Islamic insurance sector continues to face secular challenges around relatively concentrated and undifferentiated business models and high expense ratios. (Shutterstock)
July 23, 2018 - 10:54 GMT
The Islamic insurance sector continues to face secular challenges around relatively concentrated and undifferentiated business models and high expense ratios.
Abu Dhabi Islamic Bank remains one of the most liquid banks in the UAE. (File/Photo)
July 16, 2018 - 14:11 GMT
Abu Dhabi Islamic Bank remains one of the most liquid banks in the UAE.
The UAE has expanded its role as one of the leading hubs for Islamic finance, an alternative way of banking and insurance based on Islamic law. (AFP)
May 28, 2018 - 08:58 GMT
Under a proposal by the IMF's executive board, guidance issued by the Malaysia-based Islamic Financial Services Board (IFSB) would be incorporated into IMF assessments to address the regulation and supervision of Islamic banks.
The app enables customers to easily verify whether or not a business is registered in VAT.
May 16, 2018 - 13:51 GMT
The app enables users to quickly calculate the VAT amount due on goods and services purchases.
Bank ABC Islamic’s total assets at 31 March 2018 stood at US$1.653 billion, compared to US$1.559 billion at the 2017 year-end.
May 15, 2018 - 15:21 GMT
Total operating income rose to US$11 million, 29% growth over US$8.6 million recorded in the first quarter of last year.