Neha Patil (Editor)

1975 in the United Arab Emirates

Updated on
Edit
Like
Comment
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit
Decades:
  
1970s1980s1990s

See also:
  
Other events of 1975Timeline of Emirati history

The following lists events that happened during 1975 in the United Arab Emirates.

Contents

Incumbents

  • President: Zayed bin Sultan Al Nahyan
  • Prime Minister: Maktoum bin Rashid Al Maktoum

    • 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.

    • References

    1975 in the United Arab Emirates Wikipedia
    (Text) CC BY-SA


    Similar Topics