Emirates Islamic Bank, the retail subsidiary of Emirates Bank, expects to launch its brokerage business in March. The brokerage will trade in sharia-compliant equities on the Dubai Financial Market and the Abu Dhabi Securities Market. The bank also plans to double its branch network in the UAE to 22 and to target the small business sector by offering import, equipment and goods finance. 'It's a big, under-served segment,' says retail banking general manager Faisal Aqil of the thousands of small and medium-sized businesses in Dubai.
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