The apex bank's statistics reflect an increase in Islamic banks' credit to AED 400.2 billion at the end of March 2023, an annual growth of 2.51 per cent compared to nearly AED 390.4 billion in March 2022, and a month-over-month increase of 0.91 per cent, from AED 396.6 billion in February.
The central bank statistics reflect an increase in credit for Islamic banks to AED 396.9 billion at the end of January 2023, an annual increase of 3.5 percent compared to nearly AED 383.36 billion in January 2022, and an increase of nearly AED 13.3 billion in 12 months.
Singapore, July 5 (ANI): Islamic banks will likely continue to expand faster than conventional peers' in Southeast Asia, S&P Global Ratings said on Monday after analysing growth drivers and risks posed to the sector by Covid-19.
Male [maldives], Dec 16(ANI): The Maldives Police questioned former President Abdulla Yameen over allegations of fraudulent financial transactions while in office.
New Delhi [India], Nov 26 (ANI): Union Minister Mukhtar Abbas Naqvi on Sunday rebuffed the reports of introduction of Islamic banking in India, saying ours was a secular country and the existing banking system was for all.