Islamic Finance 

Dubai Islamic Bank reverses falling net profit growth rate in FY 2017

Salaam Gateway | by Emmy Abdul Alim | 17 January, 2018 Download |  Print

Dubai Islamic Bank (DIB) registered a net profit rise for 2017 of 11.21 percent year-on-year, reversing two consecutive years of falling growth rates since reaching a high of 63.19 percent in 2014, according to Salaam Gateway calculations.

The United Arab Emirates' largest Shariah-compliant bank by assets today reported a net profit of 4.5 billion Emirati dirhams ($1.23 billion) for the year ending Dec 31, 2017 from 4.05 billion dirhams in the previous year.

($1 = 3.67 Emirati dirhams)

(Reporting by Emmy Abdul Alim emmy.alim@thomsonreuters.com; Editing by Mily Chakrabarty)

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Dubai Islamic Bank reverses falling net profit growth rate in FY 2017

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