Al-Mashreq Islamic Banking Chief on UAE's Fintech Leadership
The United Arab Emirates is recognized as one of the leading global hubs for Islamic finance, possessing a sophisticated regulatory and legislative environment, along with advanced digital infrastructure and support from the Central Bank of the UAE. Islamic banks' assets reached approximately 990 billion dirhams by the end of February 2026, growing by over 20% annually. Deposits continue to increase at a rate of 25.7%, while the volume of Islamic credit has surpassed 610 billion dirhams, reflecting rising demand and sector stability. The UAE is increasingly focused on strengthening initiatives in sustainable finance and sukuk, with an emphasis on digital innovation and transitioning to responsible funding tools, all amidst global challenges related to economic and geopolitical tensions.
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