Strong capital buffers have supported the UAE financial services sector over the years and banks are re-articulating their value proposition to thrive in the new digital environment
The Central Bank of UAE revealed that the total Islamic bank investments touched Dhs102bn by the end of last October
The plans, subject to shareholder and regulatory approvals, are still in the preliminary discussions phase
The businessman, who had an estimated net worth of $2.6bn, was the founder and chairman of conglomerate Dallah Albaraka