Dubai Islamic Bank announced earnings results for the first quarter ended March 31, 2018. For the quarter, the group net profit increased to AED 1.2 billion, up 16% compared with AED 1.04 billion for the same period in 2017. The bank's total income increased to AED 2.69 billion, up 13% compared with AED 2.37 billion for the same period in 2017. The rise of 13% was driven primarily by sustained growth in core businesses, as income from Islamic financing and investing transactions increased by 16% to AED 2.09 billion. Net operating revenue increased 9% compared to the same period in 2017. Earnings per share further improved to AED 0.19 compared to AED 0.16 in the same period. Return on assets increased to 2.35%, while return on equity rose to 19.2%.