Dubai Islamic Bank P J S C : Financial statements for the 1st QTR of 2022
April 27, 2022 at 02:05 am EDT
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Dubai Islamic Bank P.J.S.C.
Review report and condensed consolidated interim financial information for the three-month period ended 31 March 2022
Dubai Islamic Bank P.J.S.C.
Review report and condensed consolidated interim financial information (Unaudited)
for the three-month period ended 31 March 2022
Pages
Report on review of condensed consolidated interim financial information
1
Condensed consolidated interim statement of financial position
2
Condensed consolidated interim statement of profit or loss
3
Condensed consolidated interim statement of comprehensive income
4
Condensed consolidated interim statement of changes in equity
5
Condensed consolidated interim statement of cash flows
6 - 7
Notes to the condensed consolidated interim financial information
8 - 37
Dubai Islamic Bank P.J.S.C.
Condensed consolidated interim statement of profit or loss (Unaudited) for the three-month period ended 31 March 2022
Three-month period ended 31 March
2022
2021
Note
AED'000
AED'000
NET INCOME
Income from Islamic financing and investing transactions
2,304,363
2,225,010
Commissions, fees and foreign exchange income
491,909
425,187
Income from other investments measured at fair value, net
40,777
855
Income from properties held for development and sale, net
22,619
25,048
Income from investment properties
40,275
22,711
Share of profit / (loss) from associates and joint ventures
47,794
(7,326)
Other income
68,755
155,565
-----
-----
Total income
3,016,492
2,847,050
Less: depositors' and sukuk holders' share of profit
(549,038)
(621,449)
-----
-----
Net income
2,467,454
2,225,601
-----
-----
OPERATING EXPENSES
Personnel expenses
(402,177)
(325,630)
General and administrative expenses
(253,409)
(237,843)
Depreciation of investment properties
(13,458)
(15,942)
Depreciation of property and equipment
(28,903)
(32,304)
-----
-----
Total operating expenses
(697,947)
(611,719)
-----
-----
Net operating income before impairment charges
1,769,507
1,613,882
Impairment charges, net
19
(417,012)
(751,263)
-----
-----
Net profit for the period before income tax expense
1,352,495
862,619
Income tax expense
(7,462)
(9,589)
-----
-----
Net profit for the period
1,345,033
853,030
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Attributable to:
Owners of the Bank
1,330,467
845,962
Non-controlling interests
14,566
7,068
-----
-----
Net profit for the period
1,345,033
853,030
=========
=========
Basic and diluted earnings per share (AED per share)
20
0.17
0.09
=========
=========
The notes on pages 8 to 37 form an integral part of these condensed consolidated interim financial information.
3
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Dubai Islamic Bank PJSC published this content on 27 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2022 06:04:04 UTC.
Dubai Islamic Bank PJSC (DIB) is a United Arab Emirates-based Islamic bank engaged in the provision of banking and financial services. The Bank operates through four segments: the Retail and business banking segment provides consumer and commercial murabahats, ijarah, islamic card and funds transfer facilities and trade finance facilities primarily to small and medium businesses and individual customers; the Corporate and investment banking segment offers financing and other credit facilities, as well as deposit and current accounts for corporate and institutional customers and investment banking services; the Real estate segment is engaged in the property development and other real estate investments, and the Treasury segment manages the Bankâs overall liquidity and market risk, and provides treasury services to customers and other related activities.
DUBAI ISLAMIC BANK 
