Kazim said he expected a total of $16 billion worth of sukuk to be listed in Dubai by the end of this year, and that new regulations would support the listing of Islamic bonds in currencies other than US dollars and United Arab Emirates dirhams
, which are already permitted.
On one day, he recalled, he handled about 1 billion United Arab Emirates dirhams
Limitless raised the loan in dollars and United Arab Emirates dirhams
in 2008 from a group of 18 banks.
National Bank of Abu Dhabi, the emirate's largest lender by market capitalization, said Tuesday second-quarter net profit hit 1 billion United Arab Emirates dirhams
($272 million), a year-on-year increase of 10%, surpassing most analysts expectations.
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum launched a campaign in the United Arab Emirates entitled: Gaza children, our children.A check was drawn today in a joint effort between the prince, the Executive Director of Institutional Affairs at Dubai Customs, Abdul Rahman Al Saleh and Hisham Ali Hashemi, Deputy Executive Director of the Association Charitable Foundation.Dubai Customs said that it will continue to collect donations from its employees and customers for the children of Gaza and that this check for 725,600 United Arab Emirates Dirhams
, or nearly 200,000 USD, is only the first of its kind.Throughout the Middle East hundreds of businesses and government institutions have undertaken similar measures which allow staff to donate a portion of their salaries.