Tuesday, June 3, 2025

Islamic Finance

UAE.. Launching the first Islamic digital bank

The UAE is the fourth largest market for Islamic finance in the world, with Islamic banking assets representing 23% of the total banking assets in the country, according to the Central Bank of the UAE. Roya Local Islamic Bank announced...

Islamic finance can heal Coronavirus pain

Over the last three months, the coronavirus pandemic and crisis associated with it has significantly slowed the Islamic finance economies. Islamic finance can play a vital role in navigating the economic disturbance brought by the coronavirus crisis on residents and...

Latest News

UAE-Pakistan travel: PIA relaunches direct flights from Dubai to Skardu

Pakistan International Airlines (PIA) announced on May 30 the re-launch of its direct service between Dubai International (DXB) airport...

Schengen visa scam in UAE: Fake travel agents charging Dh4,000, experts warn

With the summer travel season in full swing, UAE residents are being warned about fraudulent travel agents charging thousands of dirhams per person for...

Dubai: No private parking? Residents may need to pay Dh500 for a spot this summer

With the Eid Al Adha break starting next Thursday, many UAE residents preparing for summer travel are facing an unexpected hurdle - soaring private...

UAE introduces new service to verify academic degrees of private sector employees

A new digital project launched in the UAE will help verify the academic qualifications of private sector workers, authorities announced on Monday. The service...

UAE: Minimum bank balance requirement of Dh5,000 suspended

The Central Bank of the UAE on Tuesday asked banks not to increase the minimum balance requirement from Dh3,000 to Dh5,000 for retail customers. The...