Shamil Bank income above USD 66.8 mn
Shamil Bank said that it had made USD 66.8 mn in total income for last year. The bank's net profit last year amounted to USD 22.8 mn, while Q4 last year, the bank sustained $16.3 million in losses.
Over the year, commodity Murahabas (bank placements) increased significantly from $424 million to $1.043 billion. The bank's Murabaha Financing (loans and advances) activities also increased from $807m to $1.048 billion.
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