Islamic banks’ assets rise to AED 565b in H1

Abu Dhabi

The Central Bank of the UAE (CBUAE) has announced that the assets of Islamic banks increased with 6.7 per cent in H1 2018 amounting to AED 565 billion, compared to the same period last year.
Shari’ah-compliant banking products have recorded impressive growth across the region over the past few years, with their assets accounting for 20.5 per cent of total bank assets in UAE, valued at AED 2.75 trillion in H1 2018.

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