The assets of Islamic banks in the UAE exceed 600 billion dirhams

The assets of Islamic banks operating in the country rose to 603.7 billion dirhams at the end of last July, according to the latest statistics of the Central Bank.

Central Bank statistics showed that the assets of Islamic banks increased during the first seven months of this year by about 13.4 billion dirhams, or 2.3%, compared to about 590.3 billion dirhams at the end of December 2021, while it increased on an annual basis by 0.92% compared to about 598.2 billion dirhams in July 2021.