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Rise in commissions and fees boost Abu Dhabi Islamic Bank profit

Abu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the emirate, posted a 10.5 per cent increase in second-quarter net profit, boosted by a decline in impairments and an uptick in fee and commission earnings. Net income in the second quarter rose to Dh502.6 million compared to Dh454.8m. Income from…

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