DUBAI, UAE: Farid Al Mulla has been named as the new Chief Executive Officer of Emirates Islamic, one of the UAE’s leading Islamic financial institutions. He will take over from Salah Amin, who is retiring after serving the Emirates NBD Group for nearly 35 years. Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of…
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Emirates Islamic posts total income of AED2.1 billion in 2020
DUBAI: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, announced its full-year financial results for 2020 with the Bank reporting a total income of AED 2.1 billion. Emirates Islamic’s balance sheet remains healthy with strong impairment coverage, liquidity and capital ratios. The bank continued to increase impairment allowances in light of…
Emirates Islamic posts net profit of AED 12mn for the first half of 2020
DUBAI: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, reported a net profit of AED 12 million for the first half of the year ending 30 June, 2020. The drop in net profit is largely attributable to the prudent actions taken by the Bank to create higher impairment on its financing…