Emirates Islamic Bank : Financial statements for the 1st QTR of 2022

In the Name of Allah

The most Gracious and Merciful

Emirates Islamic Bank (Public Joint Stock Company)

Head Office

3rd Floor, Building 16, Dubai Health Care City, Dubai

Tel.: [phone] Fax: [phone]

P.O. Box: 6564, Dubai, United Arab Emirates

Website:www.emiratesislamic.ae

GROUP CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

(UNAUDITED)

FOR THE THREE MONTHS PERIOD

ENDED 31 MARCH 2022

EMIRATES ISLAMIC BANK PJSC
GROUP CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
Contents	Page
Independent auditor's report on review of the Group condensed	1
consolidated interim financial statements
Group condensed consolidated interim statement of financial position	2
Group condensed consolidated interim income statement	3
Group condensed consolidated interim statement of comprehensive income	4
Group condensed consolidated interim statement of cash flows	5
Group condensed consolidated interim statement of changes in equity	6
Notes to the group condensed consolidated interim financial statements	7 - 28

3

EMIRATES ISLAMIC BANK PJSC

GROUP CONDENSED CONSOLIDATED INTERIM INCOME STATEMENT FOR THE THREE MONTHS PERIOD ENDED 31 MARCH 2022 (UNAUDITED)

Notes

Unaudited	Unaudited
three months	three months
period ended	period ended
31 March	31 March
2022	2021
AED 000	AED 000
Income from financing receivables and investment products	508,908	478,642
Distribution on deposits and profit paid to Sukuk holders	(47,136)	(80,780)
Net income from financing receivables and investment products	461,772	397,862
Fee and commission income	197,905	190,830
Fee and commission expense	(87,193)	(91,383)
Net fee and commission income	110,712	99,447
Other operating income	10	79,548	77,125
Total operating income	652,032	574,434
General and administrative expenses	(280,584)	(255,683)
Operating profit before impairment	371,448	318,751
Net impairment loss on financial assets	(29,549)	(107,161)
Total net impairment loss	11	(29,549)	(107,161)
Net profit for the period	341,899	211,590
Earnings per share	13	0.063	0.039

The attached notes 1 to 22 form an integral part of these Group condensed consolidated interim financial statements. The independent auditor's report on review of the Group condensed consolidated interim financial statements is set out on page 1.