Arab Islamic Bank reports net profits of $1.3 million


16/02/2012 21:23 AST  CPI Financial

Arab Islamic Bank has reported net profits (before taxes and zakat) $1.3 million, compared with a net loss of $1.7 million for 2010.

Total assets reached $300 million as of December 31st, 2011, compared to total assets of $285.7 million as of December 31st, 2010, an increase of five per cent.

Total liabilities reached $92.1 million at December 31st, 2011, compared to total liabilities of $90.7 million in 2010, an increase of 1.5 per cent.

Paid-in capital increased from $40.6 million on December 31st, 2010 to $47.6 million by December 31st, 2011, an increase of 17.1 per cent.

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