Emirates Islamic Bank posts AED498 million in net profit in nine months
Emirates Islamic Bank
Abu Dhabi - WAM
Emirates Islamic Bank has affirmed its nine-months profits jumped 4-fold to AED498 million against AED106 million for the same period last year.
The Shariah - compliant bank's total assets reached AED59.9 billion. Financing and investing receivables totalled AED35.3 billion, declining by 3 percent from end-2016 while customer deposits were AED40.8 billion, down by 1 percent from end-2016.
Total income for the first nine months declined 6 percent to AED1.8 billion mainly due to lower one-off gains from the sale of investment properties.
Jamal bin Ghalaita, CEO, Emirates Islamic, said: "We continue to stringently manage our expenses, with operating cost down by 13 percent compared to the same period last year. Net impairment allowances have improved by 41 percent year-on-year due to effective remediation and an improved cost of risk associated with both corporate and retail financing receivables."
- Saturday ,06 January GMT 14:58 2018 Sharjah Islamic Bank raises capital through issuance of convertible Sukuk
- Thursday ,04 January GMT 16:49 2018 UAE conventional banks' assets amount to AED2.148 trillion in late November
GMT 14:58 2018 Saturday ,06 January
Sharjah Islamic Bank raises capital through issuance of convertible SukukGMT 16:49 2018 Thursday ,04 January
UAE conventional banks' assets amount to AED2.148 trillion in late NovemberGMT 20:48 2017 Thursday ,28 December
UAE Central Bank: M2 increases to AED1248.8 billionGMT 15:47 2017 Monday ,25 December
Central Bank reports Money Supply changesGMT 02:28 2017 Monday ,25 December
DFM welcomes listing of Bahrain’s Khaleeji Commercial Bank
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 18:52 2017 Thursday ,19 October
N. Korea cloud has silver lining for South's armsmakers
GMT 20:33 2017 Monday ,20 February
Wenger concerned by artificial pitch at minor league Sutton
GMT 12:26 2017 Friday ,04 August
Bollywood stars promote their next movie in Dubai
GMT 16:51 2017 Wednesday ,28 June
Libyan government gave a list of terrorists working in Libya
GMT 14:54 2017 Thursday ,18 May
Actress Najla Badr keen to present different roles in same season
GMT 15:36 2017 Sunday ,12 February
Striking military police in Brazil return to work
GMT 09:09 2017 Saturday ,15 April
Blue shield reflects Sudanese -Saudi relations depth
GMT 03:33 2017 Thursday ,24 August
China Unicom in fresh $11 bn share sale plan
GMT 11:31 2016 Saturday ,31 December
Ecuadorians prepare to burn dolls to bid farewell to tough 2016
GMT 15:12 2017 Tuesday ,11 April
Clinique unveils Chubby Plum & Shine Liquid Lip Plumping Gloss
GMT 00:50 2017 Sunday ,01 October
25 die in Siberia after drinking bath oil for alcoholic kicks
GMT 16:21 2017 Saturday ,19 August
Palestinian in West Bank attack bid killed: Israel police
GMT 06:30 2017 Tuesday ,03 October
After Las Vegas massacre, Trump silent on gun control
GMT 15:41 2017 Saturday ,24 June
Gold hits 1-week high on dollar, political uncertainty
GMT 20:19 2016 Monday ,07 March
Borg el Arab Airport authorities foil attempt to smuggle ancient Egyptian banknotes
GMT 15:03 2017 Sunday ,08 January
Private German aircraft makes emergency landing
GMT 16:02 2017 Thursday ,05 October
Job fair offers hope for Syria refugees in Jordan
GMT 06:20 2017 Thursday ,01 June
Shairco launches new Lifan flagship in Saudi Arabia
GMT 14:56 2017 Saturday ,27 May
Gomez’s new house is ‘totally affordable’
GMT 05:29 2017 Thursday ,19 January
Sharjah Crown Prince chairs executive council’s meeting
GMT 18:53 2018 Friday ,23 November
Sa'ad Al-Hariri Meets with Uruguay's Ambassador
GMT 19:10 2018 Wednesday ,31 October
Bahrain weather forecast a mainly fine but partly cloudy
GMT 14:12 2018 Thursday ,25 October
Saudi Arabia plans to invest in Russian-Chinese Fund soon
GMT 13:40 2018 Wednesday ,17 October
Shooting spree in Kerch college carried out by senior year student
GMT 13:19 2016 Wednesday ,16 March
Sharjah Deputy Ruler performs funeral prayer for nation's martyr Mohammed Al Hamoudi
GMT 18:56 2013 Thursday ,27 June
UAE banking sector back on upward track in May
GMT 00:22 2017 Sunday ,10 September
US military chief urges China to pressure North Korea
GMT 10:57 2018 Sunday ,07 January
Bayern's Heynckes rules out Vidal Chelsea move
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor