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Islamic Finance Briefing - Categorized | Banking, Performance more

Islamic banks’ profits down 17pct in H1

Posted on 17 September 2010

From Emirates247.com: Islamic banks in the UAE recorded a decline of around 17 per cent in its net earnings in the first half of 2010 despite a sharp rise in the profits of the Abu Dhabi Islamic Bank (ADIB), bank figures showed on Thursday.

From around Dh1.51 billion in the first half of 2009, the combined net income of the country’s Islamic banks dipped to nearly Dh1.24 billion in the first half of 2010, showed the figures released by Mubasher information centre…………………………………….Full Article: Source

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