A growing Islamic Finance…
Q1’17 figures• + 47% in Income from Islamic finance to amount to AED221.4m vs. AED150.5m in Q1’16.
• An 8% YoY growth in net profits to amount to AED1.1bn vs. AED1.02bn during Q1 2016.
• Impairment grew by 10% to amount to AED386m.
• Loans and advances reached AED159.8bn vs. AED158.5bn at December 2016, i.e. a 2% increase.
• Deposits grew by 4% to amount to AED162.4bn vs. AED155.4bn at December 2016.
• Tier 1 ratio stood at 14.55%, i.e.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.