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TABLE OF CONTENTS
Content: Page:
Introduction: Adapting to Islamic finance practices ???????... ??. 1
Culture-specifics of Islamic finance ?????????????..? ?????. 1
Basic principles ???????????????????..? ????????. . ?.. 2
Definition of terms ??????????????????..... ???????.. 3
The UAE setting ????????????????????..?? ?????? ?? 5
Regulatory restrictions in Union Law No. (10) of 1980 ???... ??.. ?? 8
Case study: BNP Paribas ??????????????..????????? ??. 11
Conclusion: Islamic banking and finance opportunities in the UAE ... 13
Appendix
Bibliography
1.0 Introduction: Adapting to Islamic finance practices
In the banking and finance sector of the UAE, Islamic finance practices are the law of the land. Foreign banks, financial institutions (FIs) and investment companies licensed to operate in the country have adapted to the norms. Their core operations are geared towards offering products and services tailor-fitted to the local market and, most importantly, compliant with the culture-specific regulations. All their local counterparts, by virtue of Federal ...