Islamic Banking and Finance Essay Example | Topics and Well Written Essays - 1750 words

Moslem Banking and Finance - Essay ExampleFrom this discussion it is clear thatthe UAE Islamic financial operate sector represents 30% of the overall Islamic banking industry based throughout the world. This has been possible largely because of rising requirement of customers within the UAE for Islamic financial services. Islamic banks in the UAE have played a crucial role in financing multiple infrastructure projects in the region, expansion of the human capital market place by training talented individuals from the region and also, financed development of housing properties for the citizens of UAE. The growth witnessed in the Islamic banking industry has been driven by the growing requirement for Islamic products and services by an augmenting count of customers. The underlying reason for this growth is the emphasis that the industry lays on ethical principles, their commitment to transparency and implementation of the principle of joint benefits in transactions and operations. The following sections will explain the products and services offered by three of the leading banks based in the UAE ( subject field Bank of Abu Dhabi, Abu Dhabi Commercial Bank and Emirates NBD). following(a) that, financial performance of each of the banks will be compared and lastly, comments would be made regarding the difference in between Islamic banking system that these banks follow and the conventional banking system.The National Bank of Abu Dhabis Islamic Financial System is guided by Sharia principle and rules.