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UAE Islamic finance continues to outpace conventional banking: Fitch

The UAE's Islamic finance sector has continued to outpace the UAE's conventional banking sector's growth in 2015. The six largest Fitch-rated Islamic banks' share of total bank gross loans was around 21%, up 3% in 1H15, and they had around 20% of total assets at end-1H15. We expect demand for…

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Source: Fitch

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