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

Islamic Banking Products MUSHARAKAH TAKAFUL WDAI’AH

In UAE Dubai Islamic Bank Abu Dhabi Islamic Bank Emirates Islamic Bank

Dubai Islamic Bank Established in 1975 The first Islamic bank in the world Attract many un-Muslims clients

Abu Dhabi Islamic Bank Established in 1997 Issued by H.H Shaikh Khalifa First Islamic bank in Abu Dhabi

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