Regulation, Risk & Compliance
Uncategorized
UAE Central Bank suspends bank's Islamic window from onboarding new customers for six months
The UAE Central Bank has suspended the Islamic window of a bank operating in the country from onboarding new customers for six months and also fined it more than Dh3.5 million ($953,632) for non-compliance with Sharia governance rules. An Islamic window is a unit within a conventional bank through which…
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