DUBAI: Dubai Islamic Bank (DIB), the largest Shariah-compliant lender in the emirate, said yesterday its first-quarter net profit climbed 17 percent.
The bank made 301.7 million dirhams ($ 82.2 million) in the three months to March 31, it said in a statement, up from 258.5 million dirhams in the corresponding period last year.
EFG Hermes had forecast the bank would make a profit of 261 million dirhams in the first quarter.
Dubai Islamic Bank net profit jumps 17%
Updated 15 April 2013
