Complex Made Simple

Dubai Islamic Bank profit climbs 10.5% in Q3

Dubai Islamic Bank (DIB) has posted a 10.5% increase in third-quarter net profit to Dhs298m ($81m), beating analyst expectations, Reuters has reported. The emirate's third-largest bank by market value made Dhs269.58m in the same quarter one year earlier. Analysts had estimated third-quarter profit between Dhs247m and Dh283m.