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Islamic Finance Briefing - Categorized | Banking, Performance more

Al khaliji 2011 net profit jumps 14pct to QR487mln

Posted on 08 February 2012

Al khaliji, the country’s new generation bank, has reported a 14% rise in its net profit to QR487mn in 2011. The bank has suggested 10% cash dividend, which will have to be approved by shareholders at the annual general assembly.
But net income from Islamic banking activities plunged 88% to QR11mn, owing to the need to comply with the Qatar Central Bank’s directive to suspend conventional banks’ Islamic financing activities………………………………………..Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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