Sunday, 27 April 2014

Islamic banks in the UAE looking at new ways to develop

An article in The National reports that Islamic banks in the UAE, which currently have 25% market share, are among the most aggressive of all banks in seeking out new markets and customers. 

The country is overbanked, pushing banks in general to diversify and expand their reach. Islamic banks are, looking outside of the country to the Muslim populations in Egypt, Libya, Tunisia and Morocco, for example, notes the article.