United Arab Emirates

IFRS 9 Compliance in UAE

Localized regulatory updates, provisioning models, and audit-ready disclosures for financial institutions in the United Arab Emirates

Regulatory Context

UAE IFRS 9 Requirements

The Central Bank of the UAE (CBUAE) mandates IFRS 9 compliance for all banks and financial institutions operating in the UAE. The standard applies to conventional and Islamic financial institutions, requiring robust Expected Credit Loss (ECL) models.

Central Bank of UAE (CBUAE)

Primary regulator for IFRS 9 implementation and reporting

Quarterly ECL Reporting

Detailed provisioning reports required every quarter

Islamic Finance Considerations

Specialized models for Murabaha, Ijara, and Sukuk instruments

DFSA & ADGM Requirements

Additional compliance for institutions in Dubai and Abu Dhabi free zones

Key Compliance Milestones

2018
Initial IFRS 9 Adoption
UAE banks began implementation following CBUAE guidance
2020
COVID-19 Adjustments
Enhanced forward-looking scenarios and macro-economic overlays
2024
Enhanced Disclosure
Stricter ECL methodology documentation and stress testing
Localized Solution

Estimator 9 for UAE Banks

Purpose-built ECL automation tailored to UAE regulatory requirements and local market conditions

CBUAE Reporting Templates

Pre-configured outputs matching Central Bank of UAE quarterly reporting requirements

Islamic Finance Support

Specialized ECL models for Shariah-compliant instruments (Murabaha, Ijara, Musharaka)

GCC Macro Scenarios

Built-in forward-looking scenarios calibrated to UAE and GCC economic indicators

Trusted by Leading UAE Banks

FineIT powers IFRS 9 compliance for multiple UAE financial institutions, including commercial banks, Islamic banks, and development finance institutions operating under CBUAE, DFSA, and ADGM regulations.

6+
UAE Banks
100%
Audit Pass Rate
24/7
Local Support

Benefits for UAE Institutions

Proven advantages from our UAE banking clients

70%
Faster ECL Runs
100%
Audit-Ready Exports
24/7
Dubai Support Team
AR/EN
Bilingual Interface
Regional FAQs

Frequently Asked Questions - UAE

Common questions from UAE financial institutions

Partner with FineIT for IFRS 9 Compliance in UAE

Join leading UAE banks using Estimator 9 for audit-ready ECL automation