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Thu 31 Aug 2006 08:00 PM

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Emirates Islamic Bank prospers

Emirates Islamic Bank reported strong results for the second quarter of 2006. It earned a net profit of AED 43 million, an increase of 121% over the first quarter of the current year and a rise of the 177% over the same period last year. EIB’s total assets reached AED 7.4 billion and the bank’s financing and investment portfolio reached AED 6.7 billion, an increase of 186% over last year. Customer deposits reached AED 6.2 billion at the end of June 2006, compared with AED 1.7 billion at the end of March 2005. Ebrahim Fayez

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