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From Bloomberg: Abu Dhabi Islamic Bank PJSC, the United Arab Emirates’ second-biggest bank complying with Shariah banking rules, posted a profit in the fourth quarter after provisions declined by more than half and net revenue rose.
Net income was 114.1 million dirhams ($31 million) after a loss of 623.3 million dirhams in the year-earlier period, the bank said………………………………………Full Article: Source
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Islamic Finance Briefing - Categorized | Banking, Performance more
Abu Dhabi Islamic has Q4 profit on higher revenue
| Posted on 15 February 2011 |
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