DUBAI, Oct 10 (Reuters) - Dubai Islamic Bank (DIB), the United Arab Emirates’ largest sharia-compliant lender, posted a 10.8 percent increase in third-quarter net profit on Wednesday as income from Islamic financing and investment grew.
DIB made 1.23 billion dirhams ($334.89 million) in the three months to Sept. 30, it said, up from 1.11 billion a year earlier. The result was in line with the mean forecast in a Refinitiv poll.
The lender said Islamic finance and investing transactions grew to 2.48 billion dirhams from 2.01 billion a year earlier.
$1 = 3.6728 UAE dirham Reporting by Hadeel Al Sayegh, editing by Louise Heavens