United Arab Emirates

IFRS 16 Lease Accounting in UAE

Localized lease accounting automation, contract intelligence, and audit-ready disclosures for financial institutions in the United Arab Emirates

Regulatory Context

UAE IFRS 16 Requirements

The Central Bank of the UAE (CBUAE) mandates IFRS 16 compliance for all banks and financial institutions operating in the UAE. The standard requires comprehensive lease identification, measurement, and disclosure for both lessees and lessors.

Central Bank of UAE (CBUAE)

Primary regulator for IFRS 16 implementation and lease disclosures

Annual Lease Disclosures

Comprehensive lease portfolio disclosures in financial statements

Islamic Finance Lease Types

Specialized treatment for Ijara, lease-to-own, and Islamic lease structures

DFSA & ADGM Integration

Harmonized lease accounting across UAE regulatory jurisdictions

Key Compliance Milestones

2019
IFRS 16 Adoption
UAE entities began transition with CBUAE guidance
2021
Practical Expedients
CBUAE allowed low-value and short-term lease exemptions
2024
Enhanced Disclosures
Stricter lease portfolio transparency and maturity analysis
Localized Solution

ContractHive for UAE Institutions

AI-powered lease accounting automation tailored to UAE regulatory requirements and local market conditions

CBUAE Disclosure Templates

Pre-configured outputs matching Central Bank of UAE lease disclosure requirements

Islamic Lease Intelligence

Specialized AI processing for Ijara, Musharaka, and Islamic lease contracts

Multi-language OCR

Advanced contract processing for Arabic and English lease documents

Trusted by Leading UAE Financial Institutions

FineIT's ContractHive powers IFRS 16 compliance for multiple UAE banks and financial institutions, including commercial banks, Islamic banks, and leasing companies operating under CBUAE, DFSA, and ADGM regulations.

25+
Lease Portfolios
95%
Processing Accuracy
24/7
Local Support

Benefits for UAE Institutions

Proven advantages from our UAE ContractHive clients

80%
Time Saved on Processing
99.5%
Lease Recognition Accuracy
24/7
Dubai Support Team
AR/EN
Bilingual AI Processing
Regional FAQs

Frequently Asked Questions - UAE

Common questions from UAE financial institutions

Partner with FineIT for IFRS 16 Compliance in UAE

Join leading UAE institutions using ContractHive for automated lease accounting