A big portion of certificates of deposits (CDs) issued by the UAE Central Bank is held by Shariah banks…

Though the total CDs with the UAE Central Bank as at end-March 2010 amount to Dh68.5 billion, more than Dh20bn are held by Shariah banks which do not stand to get paid against that as Islamic banks do not accept interest.

http://www.business24-7.ae/banking-finance/banking/islamic-banks-hold-big-chunk-of-cds-2010-06-30-1.261313?

 

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