Al Etihad Credit Bureau strengthens credit registry in collaboration with UAE Ministry of Justice

Al Etihad Credit Bureau strengthens credit registry in collaboration with UAE Ministry of Justice

- "Further strengthening our credit registry is in line with our commitment to enable lenders, individuals, businesses, government entities, and the general public to make informed credit decisions based on a comprehensive set of data,” says AECB CEO.

Abu Dhabi, UAE – Al Etihad Credit Bureau (AECB), a UAE federal government entity that provides information and analytics to support credit decisions, has collaborated with the Ministry of Justice to expand its credit registry to include court-imposed legal financial obligations, with the aim of providing lenders with more holistic information about companies and individuals.

The UAE Ministry of Justice is responsible for regulating and supervising the administrative and financial affairs of the nation's federal court system. The Ministry of Justice also handles all other legal matters in the various federal ministries and prepares and implements the main laws governing civil and commercial disputes. To date, the Ministry has issued more than 36,000 active judgments in cases imposing payment obligations, affecting a total of more than 84,000 individuals and companies.

The strengthened credit registry underscores AECB's commitment to providing comprehensive reports based on data and analytics that enable lenders, individuals and businesses to make informed credit decisions.

Marwan Ahmad Lutfi, CEO of AECB, said: "AECB's credit