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Islamic Finance Briefing - Categorized | Banking, Performance more

Ithmaar reports maiden profits of $4.6mln as retail Islamic bank

Posted on 17 August 2010

From Arabnews.com: Bahrain-based Ithmaar Bank, an Islamic, retail-focused bank, reported a profit attributable to the shareholders’ for the second consecutive quarter and announced year-to-date profits of $4.6 million as compared to a loss of $47.6 million during the same period last year.
It is Ithmaar’s first financial reporting as an Islamic retail bank following its successful reorganization in April with its then wholly owned subsidiary, Shamil Bank……………………………………….Full Article: Source

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