Dubai Islamic Bank 2011 profit up 25 per cent to Dh1.01b

Dubai: The Dubai Islamic Bank has reported 2011 net profit up 25 per cent on 2010, clocking in at Dh1.01 billion (US$275 million).

In a statement to the Dubai Financial Market (DFM) this morning, DIB, which is 30 per cent owned by the government of Dubai, also said it would pay a 15 per cent cash dividend to shareholders.

The statement did not include any other figures either for the full year or quarter four, but reported Dh806 million last year.

Dubai Islamic Bank shares fell 3.2 per cent in early trading in a largely negative market.