Bahrain's ABC Islamic Bank has reported a net profit of $1.4m for the first half-year of 2010. The Shariah-compliant lender posted a $0.4m in net loss for the second quarter compared to profit of $1.8m in the first quarter, primarily due to impairment provisions. Impairment provision of $2.9m was taken during the quarter, $2.2m higher than the previous quarter.