Bahrain-based Islamic investment bank, International Investment Bank (IIB), has swung back into the black at end of the first quarter with reporting net income of $1.7 million at end of Q1 2012 compared with a net loss of $1.3 million in the same period last year.
Total income for the first quarter was $3.2 million compared to $0.9 million a year earlier, mainly derived from investment banking fees and profit earned on funds placed with financial institutions………………………………………..Full Article: Source