Islamic Banks
Unfamiliar Banking Laws in the United Arab Emirates: A Quick Guide
The United Arab Emirates, known for its luxurious lifestyle and progressive economy, also has a unique set of banking laws. While these laws are generally beneficial, some might seem unusual to those unfamiliar with the region. Here’s a brief overview of some of the more peculiar banking practices in the UAE: 1. No Interest on […]
Islamic Finance: Shariah-Compliant Banking and Insurance in the Middle East
The Middle East is a thriving hub for Islamic finance, offering financial products and services that adhere to Shariah law. Shariah-compliant finance is guided by principles that include the prohibition against interest (riba), speculation (gharar), and investment in unethical industries. Let’s examine two key sectors within Islamic finance: Shariah-Compliant Banking Islamic banks operate under an […]