Dubai Islamic Bank revenue grows by 6pct to USD1.1bn
Date
2/26/2017 3:13:43 AM
(MENAFN) Dubai Islamic bank has posted a net profit of USD1.1bn for 2016, a growth of 6 percent compared to Dh3.839bn in 2015.
Accordingly, the profit for the year reached more than Dh4bn, up by 6 percent compared to Dh3.8bn in 2015.
Recently, Moodys upgraded the outlook of the bank from Stable to Positive, a key achievement given the challenging global economic environment.
In addition, the bank has delivered huge regional and global accolades in 2016, ranging from Best Islamic Bank to Best Islamic Retail Bank.
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