Regulation, Risk & Compliance
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UAE Central Bank removes minimum salary requirement for personal loans
The Central Bank of the UAE has instructed banks to cancel the long-standing minimum salary requirement for obtaining personal financing, previously set at around Dh5,000 at most institutions, Emarat Al Youm reported. Banks will now determine salary thresholds based on their own internal policies, a move aimed at giving lower-income…
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Click here to read the full story: Khaleej Times