UAE Islamic banks assets hit $191bn: CBUAE

RIYADH: UAE Islamic banks saw their asset values rise to 703 billion dirhams ($191.4 billion) by the end of 2023 in what was an 11 percent annual increase, official data showed. 

Figures released by the Central Bank of the UAE revealed this was a jump from 630.7 billion dirhams in December 2022, marking a growth of 72.4 billion dirhams over 12 months. 

On a month-on-month basis, assets increased by 0.6 percent in December, totaling 4.2 billion dirhams compared to November’s 698.8 billion dirhams. 

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