Oct 30 2011 |
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Profits shine for top Islamic bank
The UAE's largest bank that complies with Shariah rules has posted a 10 per cent gain in its third-quarter profits, beating the predictions of analysts.Dubai Islamic Bank ( DIB ) said yesterday that net income during the three-month period rose to Dhs298 million ($81.1 million) from Dhs270 million in the same period a year earlier, according to a statement.
" DIB remains focused on delivering sustainable growth through prudent management of costs and a strategy of targeting quality business," chairman Mohammed Ibrahim Al Shaibani said. "With a stable, well-diversified funding base in place, the bank will continue to play a key role in the UAE economy."
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