Dubai Islamic Bank said total assets rose by 3.5 per cent in the first nine months to stand at AED 93.7 billion. Operating profit was up by 4.9 per cent to AED 1.67 billion while customer deposits reached AED 66.9 billion, up 3.3 per cent. At end-September, DIB’s capital adequacy ratio was 18.4 per cent with Tier 1 CAR of 14.3 per cent.
For the first nine months of 2012, DIB reported a net profit of AED 854 million, compared to AED 850 million for the corresponding period of 2011. For Q3 2012, the bank reported a net profit of AED 298.5 million, thereby maintaining its profitability over the same period last year. DIB’s operating profit (net profit before impairment losses) increased by 9.6 per cent in Q3 2012 compared with the corresponding period in 2011………………………………………..Full Article: Source