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It is the interest rate charged by banks in the United Arab Emirates for interbank transactions. It is the reference rate commonly used to conduct financial transactions in Dubai and the surrounding Emirates. Many Islamic banks it as a benchmark for determining the rental rates for special leasing agreements.
What else can I help you with?
Explanation of EIBOR in UAE. How it is calculated and where to get the EIBOR from?
3m EIBOR
Provide EIBOR previous rates?
This website provides some EIBOR Emirates Interbank Borrowing Rates http://hala3ammi.wordpress.com
What is rate of 6m eibor at present on 23.1.2008?
3m EIBOR is 5.10714 For more rates please see http://hala3ammi.wordpress.com
What is the 3m EIBOR at present?
Information on current EIBOR rates can be found at http://www.nbd.com/NBD/NBD_CDA/CDA_Web_pages/Rates_Charges/eibor_rates
Who issue EIBOR?
The EIBOR rate is the Emirates Interbank Offered Rate The rate is used by many, primarily by Investment and Retail banks, for example, pricing and structuring Interest Rate Derivative products
What is the current Dublin Interbank Offered Rate?
The Dublin Interbank Offered Rate (DIbOR) was replaced with the Euro Interbank Offered Rate (EIBOR) in 1999. As of the close of business in the United States on Friday, 29 October, 2010, the EIBOR curve is as follows: One-month 0.847% Three-month 1.045% Six-month 1.269% One-year 1.540%
Can an Ijara contract be a discounted contract for the purpose of calculating profit?
The Ijara contract cannot be discounting. because on the date of the contract you don't agree the profit amount with the customer. Under actual business scenario, you will link the Ijara to a LIBOR / EIBOR rate feeds.
How is the interbank offered rate decide in United Arab emirates?
The interest rate charged by banks in the United Arab Emirates for interbank transactions. In most cases, EIBOR is the reference rate most commonly used by borrowers and lenders to conduct financial transactions in Dubai and the surrounding Emirates. Interbank rates reflect the average of eight banks, excluding the highest and lowest rates provided on a daily basis. United Arab Emirates banks launched a one-week interbank offered rate on Monday, striving to meet demand for a reference rate for short-term liquidity. UAE money market rates have been falling as the central bank and finance ministry of the second-largest Arab economy adopted a series of measures to defrost credit markets, including interest rate cuts and emergency funding facilities for banks. The one-month rate was 2.7875 percent on Monday, down from more than 4.3 percent in December. In December, the central bank said it was starting offering UAE dirham-U.S. dollar swap facilities with maturities ranging from one week to 12 months. (Reporting by Daliah Merzaban; Editing by Inal Ersan) The interest rate charged by banks in the United Arab Emirates for interbank transactions. In most cases, EIBOR is the reference rate most commonly used by borrowers and lenders to conduct financial transactions in Dubai and the surrounding Emirates. Similar to the London Interbank Offered Rate (LIBOR), EIBOR futures contracts are available for trade and there are various EIBOR offered rates depending on the life of the loan.
