DUBAI, 27th October, 2022 (WAM) Emirates Islamic’s (EI) bank net profit jumped to AED 1.054 billion for the first nine months of 2022 on higher funded and non-funded income with a significant reduction in the cost of risk, reflecting improved business sentiment.In the period from Janurary-September, the banks recorded a strong operating performance on higher funded and non-funded income coupled with reduction in cost of risk, with the total income up 22 percent year-on-year (YoY) driven by higher funded and non-funded income. Meanwhile, expenses.
Emirates Islamic’s net profit jumped to Dh1.054 billion for the first nine months of 2022 on higher funded and non-funded income with a significant reducti..