Can Islamic and Conventional Financing Co-exist?
Type
E-journal
Date
15 Mar 2016
Jurisdiction
United Arab Emirates
Taxonomy
Islamic Finance
Copyright
LexisNexis
Relevant company
Al Tamimi & Company
Analysis
Islamic Finance: Combining Islamic and Conventional Financing
The past decade has witnessed a flourish in the growth of Islamic financing with the majority of the main banks in the United Arab Emirates either operating as fully fledged Islamic financing institutions or having Islamic banking windows.
One of the commercial objectives driving Islamic banks is the ability to offer products which are at par or at least comparable with conventional products, both from overall suitability and pricing. This has spurred the development of new Islamic financing products which are gaining ground with their conventional counterparts, and the flexibility to cater to a wider range of financial needs.
Can all Corporate Customers Apply for Islamic Financing?