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KARACHI – The Board of Directors of Dubai Islamic Bank Pakistan Limited recently held a meeting to approve its financial statements for the year ended December 31, 2011. DIBPL is a subsidiary of Duai Islamic Bank UAE, the world’s first Islamic Bank, says a press release. The Year 2011 marked numerous achievements for DIBPL. On the financial side, the Bank has reported a year-end profit before tax of Rs 316m. Furthermore, a 22.5pc deposit growth was achieved in comparison to 2010, taking total deposits to Rs 38.49b in 2011. On the asset side, DIBPL’s asset base rose by 20.8pc in contrast to 2010 increasing the asset base to PKR 48.1 billion in 2011. The Bank’s investments grew substantially by 117.6% over the year, taking total investments to PKR 12.93 Billion.
