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The Role Of Emirates Credit Information Law In Organizing Credit Information To Serve Islamic Banking Finance Companies, Hani Mohamed Mounes Awad
The Role Of Emirates Credit Information Law In Organizing Credit Information To Serve Islamic Banking Finance Companies, Hani Mohamed Mounes Awad
AAU Journal of Business and Law مجلة جامعة العين للأعمال والقانون
The bank shall assess its client’s creditworthiness; assess the extent to which the client requesting the financing is eligible to be granted the bank’s financing or not. Assessing such eligibility shall be based on real reasons and facts so the bank could defend such responsibility in case of prosecution, based on its decision to approve or reject funding and its justified reasons and facts. On the other hand, the credit decision maker should be familiar with the previous transaction financing, because such information contributes to the formation of an opinion of the decision maker that in turn determines the offer …