UAE’s Islamic banks buck regional trend in third quarter | GulfNews.com:
"Islamic banks across the GCC have been facing a gradual weakening in their operating outlook for 2015-2016 alongside their conventional counterparts, largely due to declining oil prices and their impact on the over all macroeconomic environment.
Despite such a challenging economic environment, leading UAE-based Islamic banks proved their resilience by reporting a strong set of results for the first three quarters of the year.
Overall the UAE’s Islamic banks have been ahead of their regional and conventional counterparts in terms of assets, profit growth and continued improvement in asset quality."
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