Dubai Islamic Bank reports 50% increase in Q2 profits

16 August 2010

Dubai Islamic Bank has posted a 50% increase in second-quarter profit to Dhs301m ($81.2m) from Dhs201m in the previous quarter of this year. Total income for the period also grew to Dhs1.108bn compared to Dhs1.079bn in the first quarter of 2010. The bank's total assets as of June 30, 2010, stood at Dhs83.8bn compared to Dhs84.3bn at December 31, 2009. Customer deposits were worth Dhs64.8bn compared to Dhs64.2bn as of December 31, 2009.

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