A three-way banking merger between Abu Dhabi Commercial Bank (ADCB), Union National Bank (UNB) and Shariah compliant Al Hilal Bank this quarter looks set to create the third-largest banking entity in the UAE and the fifth-biggest in the Middle East region. The new transaction answers the continued call for consolidation within the UAE market — but how will it impact the Islamic banking landscape? LAUREN MCAUGHTRY takes a detailed look at the driving factors and potential implications. The UAE has....