Evolution of the Islamic Finance Industry in UAE
• Established in 1975 with Dubai Islamic Bank as the world's first Islamic commercial bank.
• Launched the first takaful insurance company, Islamic Arab Insurance Company (SALAMA), in 1979.
• Significant achievements include issuance of sovereign and corporate sukuk, establishment of regulatory frameworks, and conversion of conventional banks to Islamic banks.
• Recent years have seen a shift towards Islamic sustainable finance initiatives, including the launch of UAE's government domestic Treasury sukuk, exemption of green or sustainability-linked sukuk registration fees, and the first corporate green sukuk in the Middle East by Majid Al Futtaim.
Hang on, finding our artistic inspiration Name | Value |
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1993 | 14 |
1994 | 22 |
1995 | 32 |
1996 | 33 |
1997 | 45 |
1998 | 52 |
1999 | 66 |
2000 | 81 |
2001 | 97 |
2002 | 112 |
2003 | 127 |
2004 | 142 |
2005 | 157 |
2006 | 172 |
2007 | 187 |
2008 | 202 |
2009 | 217 |
2010 | 232 |
2011 | 247 |
2012 | 262 |
2013 | 277 |
2014 | 292 |
2015 | 307 |
2016 | 322 |
2017 | 337 |
2018 | 352 |
2019 | 367 |
2020 | 382 |