Tagged: Dubai Islamic Bank Pakistan Limited

Dubai Islamic Bank reports Rs 501m profit

Dubai Islamic Bank reports Rs 501m profit

Dubai Islamic Bank Pakistan Limited has reported a year end profit before tax of Rs501 million. Furthermore, a 38 per cent deposit growth was achieved in comparison to 2011, taking total deposits to Rs53.11 billion in 2012. DIBPL’s asset base rose by 32% in contrast to 2011 increasing the asset base to Rs63.5 billion in 2012. The Bank’s investments grew substantially by 65% over the year, taking total investments to Rs21.33 billion.DIBPL opened 25 new branches in 2012, increasing the total branch network to 100 in 35 cities. The Bank added over 20,000 more customers in 2012, taking full customer base to over 100,000.

Shari’a compliant solutions in banking

Shari’a compliant solutions in banking

Junaid Ahmed, President & CEO Dubai Islamic Bank Pakistan Limited, revealed the prospects of finding shari’a compliant solutions in the banking industry in an interview given to Profit.
He stated that DIBPL has always looked for its strength in i…