Emirates Islamic Q1 net profit falls 62% – ZAWYA

Emirates Islamic Q1 net profit falls 62% – ZAWYA

A woman uses her mobile at Dubai Financial Market in Dubai, United Arab Emirates September 16, 2019.. Emirates Islamic , one of the leading Islamic financial institutions in the UAE, has reported a net profit of Dh155 million ($42.2 million) for the first quarter (Q1) of 2020, a 62 per cent year-on-year decrease.. The bank recorded a total Income of Dh641 million during the year, lower by 3 per cent year-on-year, while total assets, decreased by 3 per cent from end 2019 to Dh62.9 billion.. We welcome the actions taken by both the Government of Dubai and the UAE Central Bank in supporting customers.. The content of the article is syndicated or provided to this website from an external third party provider..