Islamic Finance
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ABC Islamic Bank announces US$8.1 million net profit for 2011
ABC Islamic Bank today announced a net profit of $8.1 million for 2011, 293% higher than last year. Total operating income was US$15.1 million compared to US$15.9 million for 2010, mainly due to de-risking of balance sheet asset size. Operating expenses of US$6.2 million were higher than the previous year…
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