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Islamic Finance Briefing - Categorized | Banking, Performance more

Noor Islamic posts Dh58mln four-month net profit

Posted on 26 May 2011

Noor Islamic Bank, which is in its fourth year of operation, is poised to break even this year, CEO Hussain Al Qemzi said. “Going by our performance during the first four months of this year we are confident that we will have a positive net income to report during the current year,” Al Qemzi said.
The Noor Islamic chief executive said yesterday that the bank, year to date, has posted a net profit of Dh58 million as its operating income grew Dh113 million. Its capital adequacy ratio was 18 per cent year to date……………………………………….Full Article: Source

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