ABC Islamic Bank reports $2.1 million net profit for 2010
ABC Islamic Bank has announced a net profit of $2.1 million for 2010.
ABC Islamic Bank's total assets declined to $1.21 billion as of 31st December 2010 from $1.32 billion at 31st December 2009 mainly due to decline in available-for-sale investments, Murabaha receivables and Ijarah assets as a result of further de-risking of the balance sheet.
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