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Emirates Islamic (Formerly known as Emirates Islamic Bank) is one of the four Islamic banks in Dubai, United Arab Emirates. The bank was established in 2004 to deliver banking services in line with Shari'a principles. It offers products designed for individuals and small businesses as well as large corporations.
Commercial Bank International: البنك التجاري الدولي: Ras Al Khaimah: ADX: CBI: Commercial Bank of Dubai: بنك دبي التـجاري: Dubai: DFM: CBD: Dubai Bank: بنك دبي Dubai Acquired by Emirates Islamic: Dubai Finance Bank: بنك دبي المالي: Dubai: Private Company Dubai Islamic Bank: بنــك دبي ...
Islamic banking, Islamic finance ( Arabic: مصرفية إسلامية masrifiyya 'islamia ), or Sharia-compliant finance [1] is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic finance include mudarabah (profit-sharing ...
Emirates NBD was initially formed as the National Bank of Dubai (NBD) on 19 June 1963 by then Dubai's ruler Sheikh Rashid bin Saeed Al Maktoum, forming the first national bank established in Dubai. NBD merged with Emirates Bank International (EBI) on 6 March 2007 to form Emirates NBD. On 16 October 2007, the shares of Emirates NBD were ...
Abu Dhabi Islamic Bank PJSC (Arabic: مصرف أبوظبي الإسلامي) is an Islamic bank based in Abu Dhabi city, in the United Arab Emirates. Establishment [ edit ] Abu Dhabi Islamic Bank was established on 20 May 1997 as a Public Joint Stock Company through the Amiri Decree No. 9 of 1997.
C. Central Bank of the United Arab Emirates. Citibank United Arab Emirates. Commercial Bank of Dubai.
The Dubai Islamic Bank (DIB) is an Islamic bank in Dubai, established in 1975 by Saeed Bin Ahmed Lootah. It is the first Islamic bank in the world to have incorporated the principles of Islam in all its practices and is the largest Islamic bank in the United Arab Emirates .
While the original Islamic banking proponents hoped profit-loss sharing (PLS) would be the primary mode of finance replacing interest-based loans, long-term financing with profit-and-loss-sharing mechanisms is "far riskier and costlier" than the long term or medium-term lending of the conventional banks, according to critics such as economist Tarik M. Yousef.