The nonperforming debt processing fund announced the exemption of 3301 citizens from their debts, with a total value of 361 million dirhams, by non-performing debt relief fund In cooperation with 13 national banks and banks.

The list of banks and banks contributing to the initiative included: Abu Dhabi Islamic Bank, Abu Dhabi Commercial Bank and Bank Emirates - National Bank of Dubai, First Abu Dhabi Bank, Dubai Islamic Bank, National Bank of Ras Al Khaimah and Al Hilal Bank in addition to Union National Bank, Noor Islamic Bank, Emirates Islamic Bank, Dubai Commercial Bank, Sharjah Islamic Bank and Arab Bank for Investment and Foreign Trade.

This initiative comes in cooperation and coordination between the Fund for the Treatment of Bad Debts and several bodies, including the Ministry of Justice, the Ministry of Interior, and the judicial departments Courts in the emirates of the state and a number of national banks, and the list of beneficiaries included .. senior citizens, humanitarian and sick cases, defaulters with limited income, deceased, retired people with low incomes in addition to prisoners and inmates.

It is mentioned that the fund was created based on the directives of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the State