UAE Islamic banks’ gross assets rise to $169bn by end of January  

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Sun, 2023-04-23 12:34

RIYADH: The gross assets of Islamic banks in the UAE rose 5.6 percent to 620.9 billion dirhams ($169 billion) by the end of January 2023, compared to the same period last year, the latest data from the Central Bank of UAE showed.  

According to the CBUAE report, Islamic banks also witnessed a yearly increase of 3.5 percent in credit by the end of January, to 396.9 billion dirhams.  

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