14 Hrs
Source:
المشهد العربي
UAE Islamic Banking Advances
Islamic banking in the UAE continues to grow significantly, with the assets of Islamic banks reaching 989 billion dirhams by the end of April 2026, accounting for 18% of the total banking system. Funding portfolios and bank deposits of Islamic banks have increased, with asset quality approaching that of conventional banks, as the non-performing loan ratio stood at 2.7% for the four largest Islamic banks, compared to 2.5% for conventional banks. Islamic banks focus on direct financing, which constitutes 64% of their assets, enhancing their profitability despite economic fluctuations.
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