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Wednesday 13 - 1 - 2016


The National

The pressure is growing on the UAE banking system. It’s good that the Central Bank, with informal moves to limit dividends, appears to have spotted the early warning signs and acted to protect all-important liquidity in the UAE financial infrastructure. Liquidity is the essential lubricant of the financial engine. From it, all else follows – cash for investment, growth funding, corporate borrowing, right down to mortgage and rent payments and supermarket bills. Halt liquidity, and you halt the economy. The financial crisis that began in 2008 was so serious precisely because of the global threat to liquidity. For a while it looked as if the world’s ATMs would simply stop paying out cash.

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Gulf Times

Islamic services and products have seen significant growth over the recent years, said Dr. Abdulrahman Al Hamidy, Director-General and Chairman of the Board of Arab Monetary Fund (AMF). ”We expect that growth to accelerate with rapid pace driven by increasing demand for these services and willingness of banks including traditional actors to offer Islamic financial services,” Al Hamidy said today in his welcome address at the four-day Islamic Insurance (Takaful) programme.

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Page last updated : 02/05/2016 10:08 PM