In U.A.E, sharia-compliant banking currently accounts for an important share of the Emirati financial sector. Recent estimates expect that Islamic financial assets in U.A.E could reach more soon.
U.A.E has completed the legal framework for Islamic finance products such as the issuance of Islamic bonds (Sukuk) and in order to help financing U.A.E's SME it will promote Sukuk, Takaful (Islamic insurance) and halal microcredit.
Currently, U.A.E has a number of fully operational Islamic banks which serve retail and islamic corporate banking offering halal financing products such as Ijara, Ijara-wa-iqtina, Mudaraba, Murabaha and Musharaka.
U.A.E ONLINE SHARIA BANK