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Dubai Islamic Bank reports Q2 2023 profit of $436mln

Dubai Islamic Bank has reported a net profit of 1.6 billion dirhams ($436 million) for Q2 2023, up from AED 1.355 billion in 2022. Growth was driven by rising core revenues, controlled impairments and effective cost management, said the biggest Islamic lender in the UAE. Impairment charges were 13% lower…

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