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Arab Islamic Bank earns a net income of $1.90 million in H1 2013

2013-08-15

According to company data for the first six months of the year, net profit after taxes reached 1,903,601 USD, compared with a net loss of (256,473) USD from the first six months of 2012. Total assets of the company reached 403,220,278 USD as of June 30^th, 2013, compared to total assets of 373,898,769 USD as of December 31^st, 2012, a net increase of 7.8%. Total liabilities and restricted & unrestricted investments accounts of the bank reached 360,015,394 USD as of June 30^th, 2013, compared to total liabilities and restricted & unrestricted investments accounts of the bank reached 333,746,572 USD as of December 31^st, 2012, a net increase of 7.9%. Net ownership equity of the company reached 59,354,160 USD as of June 30^th, 2013, compared with a net ownership equity of 57,632,968 USD as of December 31^st, 2012, a net increase of 3.0% in the last six months.