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Islamic Finance Briefing - Categorized | Banking, Performance more

Islamic banks’ profits soar 29.3pct in H1

Posted on 15 September 2011

Islamic banks listed on UAE bourses recorded an increase of nearly 29.3 per cent in their net income in the first half of 2011 while their total assets and deposits also recorded growth, according to their balance sheets.
From around Dh1.26 billion in the first half of 2010, the net profits of the five listed Shariah-compliant banks surged to nearly Dh1.63bn in the first half of 2011, showed the report, published in the semi official daily ‘Al Ittihad’……………………………………….Full Article: Source

 
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