1975 in the United Arab Emirates
The following lists events that happened during 1975 in the United Arab Emirates.
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Incumbents
- President: Zayed bin Sultan Al Nahyan
- Prime Minister: Maktoum bin Rashid Al Maktoum
Events
March
- March 12 - The Dubai Islamic Bank was established in the United Arab Emirates, becoming the first private institution to operate under the principles of Islamic banking. With the charging of interest on a loan prohibited by Islamic law, the banks instead make an investment in the item upon which the loan is planned, without a fixed interest rate. Similar Islamic banks were established in 1977 in Kuwait, Egypt and the Sudan.[1]
gollark: "Infowar" sounds cooler, but it's more general.
gollark: Which is a big difference.
gollark: Intellectual property isn't really the same as regular property and this is probably now a <#583698936334647308> thing, oops.
gollark: I think they should probably just be capped at 8 years or so, or a bit longer if the author provides the source, to be released when it's up.
gollark: Also, proprietary programs *may* use incompatible library versions and stuff sometimes, but you can probably get around that.
References
- Abdullah Saeed, Islamic Banking and Interest: A Study of the Prohibition of Riba and its Contemporary Interpretation (BRILL, 1996) p14
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