April 22, 2006	Saturday	Rabi-ul-Awwal 23, 1427

KARACHI, April 21: Dubai Islamic Bank (DIB) has announced a record 127 per cent increase in its first quarter profit of 2006 to UAE dirham 695 million compared to 305 million in the corresponding period of 2005.

Net profit attributed to shareholders also rose to 332 million dirham, a 118 per cent increase as compared to 162 million dirham in the first quarter of 2005. The bank’s total assets grew by a record 109 per cent to 63.4 million dirham at the end of the 1st quarter of 2006 as compared to 30.3 million dirham at the end of Q1 2005.

Customer deposits also showed a growth of 37 per cent to reach 36.3 billion dirham at the end of the 1st quarter of 2006.