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AIB posts net income of $9.72 million in 9M 2021

2021-11-01

According to the financial statements of the Arab Islamic Bank AIB for the first nine months of 2021, Net profit after tax of the period reached 9,719,303 USD Compared with Net profit after tax 5,938,375 USD for 2020, a net increase in profit of 63.67%.Total assets of the company reached 1,747,831,990 USD compared with total assets of 1,557,048,782 USD at the end of year 2020, a net increase of 12.25%.Total liabilities of the company reached 1,619,383,315 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 1,436,805,052 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2020, a net increase of 12.70%. Net ownership equity of the company reached 128,448,675 USD compared with total owner equity of 120,243,730 USD at the end of year 2020, a net increase of 6.82%.Noting that paid-in capital increased from 88,469,252 USD in year 2020 to 91,719,252 USD of this year,a net increase of 3.67%.