Emirates Islamic posts 143 mln dirhams loss for second quarter
Emirates Islamic on Monday (July 20) reported 143.141 million dirhams ($39 million) in losses for the three months ending June 30.
The Shariah-compliant bank posted 154.987 million dirhams in profit for the first-quarter of this year, pushing it into the black with 11.846 million dirhams for the first half of 2020.
In a “normal” period pre-COVID 19, the bank earned 673.002 million dirhams in net profit for the first half of 2019.
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