Banking Sectors and Financial Crisis in the UAE and GCC Countries

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Banking Sectors & Financial Crisis in the UAE & GCC Countries
Chapter Two
Table of Contents
I. UAE & GCC Countries Economy Overview
Overview of the Banking Sector.
Islamic and conventional Banking principles.
The structure of Islamic Banking in UAE & GCC Countries
Islamic Banks operating in the UAE & GCC Countries
Central Bank Federal Law
II. The financial crisis in the UAE & GCC Countries.
Causes of the financial crisis.
Effects of the financial crisis.
Banking Sector before the late Financial Crisis
Consumer's Banking behavior in UAE & GCC Countries
Consumers attitude and behavior after the late financial crisis
III. Growth of Islamic Finance
The results and outcome after the financial crisis over the Banking sector in the UAE & GCC Countries.
The new rules and regulations from the Central Bank after the crisis.
- Conclusion
Chapter Two
Banking Sectors & Financial Crisis in the UAE & GCC Countries
Overview of the Banking Sector
The Islamic banking sector appears to have been resilient in weathering the financial crisis according to all reports even though it is also reported that profitability in the UAE Banking Sector is reported to have "suffered in 2009 as the global economic crisis impacted the region more significantly." (Moukahal, 2011) The UAE banking sector faces challenges particularly in Dubai, Abu Dhabi and Sharjah which are showing negative trend in prices and yields generated from rentals." (Moukahal, 2011) It is reported

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