KARACHI: The board of directors of Dubai Islamic Bank Pakistan Limited (DIBPL) has approved its financial statements for the year ended Dec 31, 2013. The DIBPL is a fully owned subsidiary of Dubai Islamic Bank UAE, the world’s first Islamic bank.

The bank has reported a year-end profit before provisioning of Rs668 million and due to provisioning of Rs456m against non-performing Islamic financing assets the bank now has a profit before tax of Rs211m, said a press release on Thursday.