Dubai Islamic Bank Q3 Net Profit Rises 55.7%
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Dubai Islamic Bank Q3 Net Profit Rises 55.7%

Dubai Islamic Bank Q3 Net Profit Rises 55.7%

The bank made Dhs676.8 million of net profit attributable to the owners of the bank in the three months to September 30.

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Dubai Islamic Bank (DIB), the United Arab Emirates’ largest sharia-compliant lender, posted a 55.7 per cent increase in third-quarter net profit on Wednesday, beating analysts’ forecasts.

The bank made Dhs676.8 million ($184.3 million) of net profit attributable to the owners of the bank in the three months to September 30, it said in a statement to the Dubai bourse, up from Dhs434.8 million in the corresponding period of 2013.

The average forecast of four analysts polled by Reuters was for a net profit in the period of Dhs659.5 million.


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