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Dubai Islamic Bank’s net profit in the second quarter of 2022 increased by 33% compared to the same quarter of last year, to reach 1.34 billion dirhams.
This is due to the improvement of the bank’s total revenues during the same period by 8.5%, in addition to a decrease in provisions by 30%, bringing the net profit of Dubai Islamic during the first half by 44%, exceeding expectations and registering 2.67 billion dirhams, with earnings per share of 34 fils.
The bank’s data showed a decrease in customer deposits by regarding 1.8% during the first half of 2022 to 202 billion dirhams, in contrast, the bank’s net facilities and loans increased during the same period by 4% to 194.4 billion dirhams.
