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Back due to popular demand, Dubai Islamic Bank recently relaunched the DIB XTRA Salary Transfer Campaign to reward citizens and residents of the UAE who are looking for an enhanced banking experience. Image Courtesy: Dubai Islamic Bank
Dubai Islamic Bank (DIB), the biggest Islamic lender in the UAE, posted a full-year 2024 net profit of 8.16 billion dirhams ($2.2 billion), up more than 16% from a year ago.
Total income for the year stood at AED 23.34 billion, 16% higher YoY, while net operating revenues rose 10% to AED 12.84 billion.
Net financing and sukuk investments expanded by 10% to AED 295 billion.
Impairment charges stood at AED 407 million, down 71% YoY.
(Writing by Cleofe Maceda; editing by Brinda Darasha)
