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UBF discusses 2016 priorities

ABU DHABI / WAM

The Board of Directors of the UAE Banks Federation (UBF) held its first meeting of the year, headed by the Chairman of UBF, AbdulAziz Al Ghurair, to discuss progress on a number of high priority topics for the federation this year. The topics included progress on the Mobile Wallet project, and the creation of a Higher Sharia Board, due to be introduced soon under the supervision of the UAE Central Bank, which is intended to strengthen consistency and consultation across the Islamic finance industry in the UAE.

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