Dubai Islamic Bank posts 2.12 bln dirhams in H1 profit amid ‘difficult’ Q2
Dubai Islamic Bank on Wednesday (July 22) posted 1.007 billion dirhams ($274 million) in net profit for what it said was a “difficult” three months to June 30, a drop from 1.11 billion dirhams in the first quarter.
This takes the UAE’s largest standalone Islamic bank’s profit for the first six months of this year to 2.118 billion dirhams ($577 million).
The bank’s first-half profit dropped by 23.07%, from 2.753 billion dirhams, compared to the same period last year pre-COVID 19 crisis.
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