Net profit of Emirates Islamic increases by 15 percent
In 2019, Emirates Islamic net income grew by 15% to stand at AED1.061 billion. Total profit rose by 8% to AED2.7 billion, and financing and investing receivables were at AED37.5 billion, climbed by 4% from end 2018. Customer deposits reached AED45.3 billion, which is a rise of 9% from end of 2018; recent and saving accounts balances show 63% of total customer deposits, as Emirates Islamic reported. Chairman Hesham Abdulla Al Qassim said the bank delivered strong results for the year, with net profit of AED1.061 billion, the highest ever in the bank's history.
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