Home Industry Finance UAE Islamic bank assets rise to Dhs607.8bn: CBUAE The Central Bank of UAE revealed that the total Islamic bank investments touched Dhs102bn by the end of last October by Gulf Business January 13, 2023 The Central Bank of the UAE’s latest statistics revealed that the assets of UAE-based Sharia-compliant banks grew to Dhs607.8bn at the end of October 2022. On an annual basis, the assets rose by 2.1 per cent versus about Dhs595.3bn in October 2021. According to CBUAE, Islamic banks’ credit climbed by 5.7 perc ent year-on-year to Dhs399.1bn by the end of last October, compared to around Dhs377.5bn in October 2021, reported the state news agency, WAM. Deposits in Islamic banks climbed by around 1 per cent year-on-year from Dhs424.3bn in October 2021. The statistics revealed that the total Islamic bank investments touched Dhs102bn by the end of last October, a year-on-year growth of 22 per cent, or Dhs18.5bn, compared to around Dhs84.1bn in October 2021. In recent news, CBUAE has said that gross banks’ assets, including bankers’ acceptances, rose by 0.9 per cent, from Dhs3.583tn at the end of September to Dhs3.615tn at the end of October 2022. Read: Gross bank assets rose to Dhs3.58tn by end of Oct 2022, reveals Central Bank of UAE Tags CBUAE Islamic banking October 2022 0 Comments You might also like UAE, Qatar central banks hold interest rates, tracking US Fed move UAE central bank issues new Dhs500 polymer ‘eco-friendly’ banknote Finding the right balance: Virtual assets regulation in the UAE UAE Central Bank holds interest rates steady as US Fed hits pause on hikes