Emirates Islamic only UAE Shariah-compliant bank to post loss in 2020
The COVID-19 pandemic in 2020 hit the Islamic banks in the UAE hard.
While all five standalone Shariah-compliant banks posted drops in profit year-on-year, Emirates Islamic was the only one to post a loss.
All the banks were hit by much higher impairment losses:
Continue reading
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Joined by 12,000+ Islamic economy professionals
Create a free account
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
