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Islamic banks’ assets amount to $169bln by end of January 2023: CBUAE

Gross assets of the Islamic banks operating in the UAE increased to AED620.9 billion as of the end of January 2023, an annual increase of 5.6 percent, equivalent to nearly AED31.2 billion, as against nearly AED589.7 billion in January 2022, according to figures by the Central Bank of the UAE (CBUAE). The central bank statistics reflect an increase in credit for Islamic banks to AED396.9 billion at the end of January 2023, an annual increase of 3.5 percent compared to nearly AED383.36 billion in January 2022, and an increase of nearly AED13.3 billion in 12 months.

Link: https://www.zawya.com/en/islamic-economy/islamic-finance/islamic-banks-assets-amount-to-169bln-by-end-of-january-2023-cbuae-ivh56ai8

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