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- Bahrain All Share Index, Islamic Index close lower
- Qatar Free Zones, Russia's BIOCAD sign MoU on biotech activities in Qatar
- Gold price in Qatari market rises by 3.18% this week
- MSX Index closes higher at 4,305 Points
- Dollar rises from seven-month low
- Oman signs deal for world's first liquid hydrogen corridor to Europe
- Gulf Bank shortens working hours to support employee wellbeing and work-life balance
- Zain launches 'Bede' Fintech Platform in Sudan
- ECB cuts rates as Trump tariffs raise fears for eurozone growth
- Dubai gold price eases after record high - More drops ahead?
22/01/2018 06:20 AST
Ajman Bank on Sunday reported a net profit of Dh132.61 million, up 5.63 per cent compared to Dh125.54 million in 2016.
While the bank made significant savings in staff costs that supported the full-year profits, higher impairment charges were up by 47.7 per cent to Dh195 million in 2017, compared to Dh132 million, and they impacted profit growth.
The bank's income from Islamic financing and investing assets surged 21.55 per cent to Dh681.63 million last year, up from Dh560.78 million in 2016. Fees, commission and other income rose 12.4 per cent to Dh149 million in 2017, up from Dh132.54 million in 2016.
The bank's total assets were up at Dh20 billion at the end of 2017, up 25 per cent on the Dh16 billion seen at the close of 2016.
Islamic financing and investment assets, net of investment securities, stood at Dh15.15 billion during the period, compared to Dh12.37 billion in the prior period.
On the liabilities side, the bank reported a significant surge in Islamic customer deposits to Dh14.32 billion in 2017, up from the Dh11 billion seen at the close of 2016.
Gulf News
27/03/2018
Ajman Bank has signed a Memorandum of Understanding (MoU) with GII-REIT, through which the bank will offer the investment in the fund to its customers. GII-REIT is the first real estate investment tr
Oman Daily Observer
05/02/2018
Ajman Bank said on Sunday that its board had approved a 3.5 per cent cash dividend.
Ajman Bank reported a net profit of Dh132.61 million, up 5.63 per cent compared to Dh125.54 million in 20
Gulf News
09/10/2017
United Arab Emirates' Ajman Bank obtained a $200 million syndicated Murabaha financing which was coordinated by Emirates Islamic, it said on Monday.
Al Hilal Bank, Dubai Islamic Bank and S
Reuters
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 402.00 | 0.10 (0.02 |
| FAB | 13.80 | 0.16 (1.17 |
| EMIRATESNBD | 19.45 | -0.40 (-2.02 |
| ADCB | 10.44 | 0.14 (1.35 |
| EIB | 12.25 | 0.00 (0.00 |
18/04/2025
As part of its ongoing efforts to create an ideal work environment that reflects its deep commitment to employee wellbeing and work-life balance, Gulf Bank has announced a reduction in daily working
Kuwait Times
18/04/2025
Zain Fintech, the financial services arm of Zain Group, a leading provider of innovative technologies and digital lifestyle communications operating in eight markets across the Middle East and Africa
Kuwait Times
17/04/2025
Bullish on Qatar's macroeconomic prospects, Al Mahhar Holding is exploring options on expanding its manufacturing base for the energy sector over the medium term and aims to diversify into renewables
The Peninsula
17/04/2025
Abu Dhabi-based global entities ADQ, IHC and Modon Holding have entered into a joint venture to form a dedicated infrastructure platform - Gridora - that will actively drive infrastructure developmen
Trade Arabia
17/04/2025
The Zain Group Annual General Meeting (AGM) was held at the Zain Group's headquarters in Kuwait, attended with a quorum of 79.2% of shareholders whereby they were presented with the Zain Group's 2024
Kuwait Times
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