Abu Dhabi / WAM The assets of UAE conventional banks (CB) amounted to around AED2.268 trillion, accounting for 80 percent of total banking assets by the end of October, according to the statistics released on Monday by the Central Bank of UAE on the activity of CB and Sharia-compliant banks. According to the figures, the total assets of the conventional ...

ABU DHABI / WAM Al Hilal Bank is the first Islamic bank in the world to leverage blockchain technology for the resale and settlement of an Islamic sukuk. Blockchain was used to transact a secondary market deal in Al Hilal Bank’s $500 million senior sukuk maturing in September 2023. This was the first time that block-chain has been used worldwide ...

DUBAI / WAM HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, officially inaugurated the 39th edition of The Big 5 International Building and Construction Show on Monday, which will run until November 29 at the Dubai World Trade Centre. This year, five exhibitions run as part of The Big 5, creating one mega ...