01.12.2009 - Islamic financial firms generous to depositors
From Business24-7.ae: Islamic financial institutions (IFIs) have been very "generous" in giving returns to their depositors compared with their conventional counterparts, analysis of the trend in the "interest expense" in the case of conventional institutions and "profit rate" in the case of Islamic entities shows. While Dubai Islamic Bank (DIB) paid Dh1.3 billion from the "total profit" of Dh3.1bn as share of profits to its depositors for the first nine months in 2008, the profit distribution dropped only marginally for the first nine months of the current year despite a sharp fall of about Dh660 million in the bank's total profit to Dh2.4bn..................................Full Article: Source