Abu Dhabi: Gross credit provided by Islamic banks in the UAE increased by 1.1 per cent in the first four months of 2024 to Dh433.7 billion, constituting more than 21 per cent of aggregate bank loans and financial facilities, according to banking indicators by bank type – Conventional Banks (CB) and Islamic Banks (IB) issued by the central bank.
Gross credit extended by CB rose since the beginning of the year to the end of April by 4.3 per cent to Dh1.629 trillion.