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Islamic banks, $300m H1 profit
- United Arab Emirates: Monday, August 21 - 2006 at 08:44
The UAE's Islamic banks enjoyed solid growth in profits and assets in H1 in comparison to national and commercial banks, some of which saw major dips in revenue, reported Gulf News. The country's four Islamic banks saw profits rocket by 62% to reach a combined $299.6m, up from $193.1m in the same period last year. The Al Sharjah Islamic Bank was the only institution to see a slight dip in profitability.
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Jonathan Sheikh-Miller, Deputy EditorMonday, August 21 - 2006 at 08:44 UAE local time (GMT+4)
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This article was updated on Wed Mar 28 2007.
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