Dubai's Emirates Islamic bank achieved its highest half-year profit of Dh1.7bn in H1 2024, a 37% YoY increase.
Dubai's Emirates Islamic bank reported its highest ever half-year profit of Dh1.7bn in the first half of 2024, marking a 37% year-on-year increase. The bank attributed the exceptional performance to superior levels of both funded and non-funded income. Emirates Islamic's strong capital and liquidity enabled a balance sheet surpassing AED 100bn. The bank also won the 'Best Overall Islamic Bank' and 'Most Innovative Islamic Bank' awards at the Islamic Finance News Awards 2024 and the 'Most Innovative Islamic Bank' award at the Euromoney Islamic Finance Awards 2024.
July 18, 2024
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