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Mawarid to issue certificates of deposit
- United Arab Emirates: Sunday, May 18 - 2008 at 10:59
Mawarid Finance was yesterday given the green light to issue certificates of deposit by the Dubai Department of Economic Development. Marwarid, a privately owned joint stock company, provides Shariah compliant financial services and usually certificates of deposit can only be done by one of the 46 banks operating in the UAE. It means Marwarid is now considered to be one of the banks operating in the country.
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StaffSunday, May 18 - 2008 at 10:59 UAE local time (GMT+4)
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