UAE's Emirates Islamic records highest ever half-year net profit for H1 2023
Emirates Islamic, Dubai-based lender recorded its highest ever half-year net profit for H1 2023.
The bank's net profit rose 73% year-on-year, totaling Dhs1.2billion for the first half of 2023, driven by higher funded and non-funded income.
The total income equaled Dhs2.34billion, up 71% year-on-year, while its expenses also surged 63% annually to reach Dhs968million. Meanwhile, its operating profit climbed 77% year-on-year, and total assets rose 6% from end of the year 2022, to equal Dhs79billion.
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