| Emirates Islamic Bank, the Sharia-compliant lender based in Dubai, has reported a third-quarter loss of Dh121.8m (US$33.1m), down from a profit of Dh12.5m a year earlier. A 29.1 per cent rise in provisions for bad debts to Dh189.7m weighed down the bank's earnings, alongside losses from investments that more than tripled to Dh42.4m.
Emirates Islamic Bank also received lower income from its parent, Emirates NBD, which fell 66.7 per cent to Dh35.1m...............................................Full Article: Source
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