Real estate related economic and financial news covering the MENA region.
Dubai Islamic Bank gains on slightly higher half-year net profit
Jul 31, 2012
The DFM General Index gained 0.31% to reach 1,542.64 points Tuesday amid backwind from the earnings season. Dubai Islamic Bank or DIB added 1.05% to reach Dhs1.93. DIB scored a half-year net profit of Dhs555, up 0.54% year-on-year. As of June 30, 2012, the bankĺs total assets stood at Dhs93.9bn, compared to Dhs90.6bn at the end of 2011, an increase of 4 per cent. As of June 30 2012, customer deposits stood at Dhs68.3bn, compared to Dhs64.8bn as of December 31, 2011, an increase of 5%.