The UAE’s largest Islamic lender said its customer deposits stood at Dh77.6 billion as of June 30, reflecting a 22 per cent increase from December 31, while total assets rose 14 per cent to Dh102.9 billion during the same period.
“During a period of renewed growth, Dubai Islamic Bank has continued to perform impressively. The bank’s commitment to prudently manage its core operations, through effective cost controls and risk management, has delivered a strong set of results in the second quarter of the year. From a position of strength, DIB remains committed to playing a central role in the continued economic growth and diversification of the UAE and wider region,” Mohammed Ibrahim Al Shaibani, DIB’s chairman and director-general of The Ruler’s Court of Dubai, said in an e-mailed statement to Khaleej Times.
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