UAE Islamic banks market share in 2019 lowest in five years as assets dip
Islamic banking market share in the UAE in 2019 was the lowest in the last five years as assets dropped, according to Salaam Gateway calculation of preliminary 2019 figures from the central bank.
Shariah-compliant banking assets in 2019 decreased by 1.75% to 572.407 billion dirhams ($155.86 billion) compared to 582.576 billion dirhams in 2018.
Comparatively, conventional banks last year gained 9.95% in assets to 2.513 trillion dirhams from 2.286 trillion dirhams in 2018.
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