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 06:16 2017 Thursday ,28 December
IS moves with 'impunity' in Syria regime-held areas
GMT 05:48 2017 Sunday ,04 June
L’Oréal wins Retail Supply Chain Management of the Year award
GMT 19:56 2017 Sunday ,12 March
Ahly’s chair refuted referring former board to prosecution
GMT 12:34 2017 Thursday ,10 August
ISIS punished four women in Kirkuk for using cell phones
GMT 05:56 2016 Friday ,18 November
SCYS chairman congratulated by Supreme Defence Council
GMT 02:32 2017 Tuesday ,18 July
China leadership contender under investigation
GMT 09:01 2017 Tuesday ,14 February
Sledging? Go for it, says Australia's Smith
GMT 17:49 2017 Thursday ,26 October
HRH Premier congratulates Turkmen President
GMT 18:34 2017 Tuesday ,24 October
DIFC explores how MEASA will be instrumental in driving the future of finance
GMT 07:17 2017 Wednesday ,23 August
Mahmoud informed on AAAID performance
GMT 16:33 2016 Friday ,12 August
IAAF suspends Kenyan Olympic athletics team manager
GMT 05:47 2017 Wednesday ,04 October
Sisi sends message to Mauritanian president
GMT 08:59 2017 Friday ,28 April
Cyclists ride 'for peace' on Middle East tour
GMT 19:02 2017 Friday ,23 June
Thailand`s Queen scheduled to visit Borobudur
GMT 23:01 2017 Sunday ,18 June
Bus tyre blow out caused crash: Royal Oman Police
GMT 22:07 2017 Monday ,20 February
Ali Moselhi vows to provide basic commodities at affordable prices
GMT 12:04 2017 Saturday ,25 February
Renault-Nissan Alliance delivers significant growth in 2016
GMT 03:22 2017 Sunday ,12 November
Abu Dhabi's GDP increases 6.6 percent during Q2
GMT 14:31 2017 Wednesday ,22 March
Algerian expert calls for security coordination
GMT 16:37 2017 Thursday ,16 March
Iraqi forces kick Daesh out of Mosul train station
GMT 01:38 2017 Thursday ,05 January
Omani Minister Responsible for Foreign Affairs meets Norway FM
GMT 15:36 2014 Thursday ,14 August
Singapore bans Archie comics featuring gay marriage
GMT 09:53 2018 Tuesday ,09 January
Iran is permanently on the verge of a revolutionGMT 11:54 2011 Sunday ,26 June
College holds first doctoral examinationGMT 10:20 2012 Thursday ,19 April
Geddo Habibi is a family film
GMT 23:54 2017 Thursday ,05 October
Teenage boys charged with planning a terrorist act in SydneyGMT 11:19 2012 Wednesday ,25 July
Massimo Dutti opens in Al Ain Mall
GMT 15:59 2017 Sunday ,05 February
Abu Dhabi emergency and crisis management team ready
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