Emirates Islamic net profit surged to a record AED811 million ($221 million) in the first quarter of 2024, up 35% year-on-year, underpinned by a robust 19% growth in total income, propelled by higher funded and non-funded income streams.
Emirates Islamic profit surged to a record AED 811 million in the first quarter of 2024, up 35% year-on-year. This remarkable financial success was underpinned by a robust 19% growth in total income, propelled by higher funded and non-funded income strea
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, held its forty-eighth General Assembly Meeting, on 21 February 2024.Hesham Abdulla Al Qassim, Chairman of Emirates Islamic, and Vice Chairman and Managing Director of Emirates
Emirates Islamic’s net profit jumped to a record AED 1.24 billion for 2022 on higher funded income and non-funded income with a significant reduction in cost of risk reflecting the strong economic recovery.Key Highlights – FY 2022 Strong operating perf