The UAE Central Bank to Work Closely with DIEDC to Develop Dubai’s Islamic Finance Sector

The Central Bank of the United Arab Emirates (CBUAE) aims to explore opportunities to develop and expand the scope of Dubai’s Shariah-compliant banking sector, through its agreement with the Dubai Islamic Economy Development Centre (DIEDC).

In a statement released, both the CBUAE and the DIEDC acknowledged that the agreement seeks to “accelerate opportunities” in the Islamic finance sector via a host of activities which include exchanging knowledge, publishing joint research, developing awareness projects, building technical capabilities, in addition to hosting international seminars, conferences and meetings.

CBUAE’s Deputy Governor, Said Al Shamsi, commente...