Islamic Finance
Regulation, Risk & Compliance
Uncategorized
Central Bank suspends new Islamic banking customers at UAE bank, imposes Dh3.5 million fine
The Central Bank of the UAE ordered a six-month suspension on new customer onboarding through the Islamic Window of a bank operating in the country. The regulator has also imposed a financial penalty of Dh3.5 million on the bank. The action was taken following Sharia supervision examinations which found the…
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Click here to read the full story: Gulf News