Dubai Financial Market | Dubai Islamic Bank | Press release regarding financial results for the 1st QTR of 2021

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Dubai Islamic Bank 1st Quarter 2021 Group Financial Results


o Net profit rebounds strongly from last quarter to AED 853 million signifying a clearly improving economic trend.
o Improving profitability supported by a 27% reduction in operating expenses YoY.
o Integration synergies materializing as efficiency build up continues.
o Cost income ratio of 27.5%, the lowest in the financial sector, positioning the bank as the most efficient player in the market.

Press release regarding financial results for the 1st QTR of 2021

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Regional Markets indices ()

Name Last Change (%) Value
Abu Dhabi 10,023.60 0.09 1,076,394,778
Dubai 6,021.76 0.49 593,070,478
Saudi 11,302.35 0.41 4,290,859,518
Kuwait 9,462.34 0 58,422,943
Qatar 11,058.92 0.48 395,626,189
Muscat 5,544.30 0.39 30,362,657
Bahrain 2,072.08 0.37 1,357,543
Egypt 40,050.27 2.35 3,168,412,321
Amman 3,338.12 0.36 8,339,143
Palestine 599.43 0.32 732,695

Commodities

Name Last update Closing Price Change %
Brent Nov-06 63.98 0.68
Natural Gas Nov-06 4.29 1.23
Gold Nov-06 4,014.77 0.91
Silver Nov-06 48.70 1.37
Platinum Aug-14 1,357.20 1.09
Nymex Light Nov-06 60.09 0.79

Global Market Indices

Name Opening price Closing Price Change%
Dow Jones 47,097.31 47,311.00 0.48
Nasdaq 23,358.07 23,499.80 0.65
S&P 500 6,769.77 6,796.29 0.37
Name Opening price Closing Price Change%
Frankfurt 23,996.24 24,039.24 0.04
Paris 8,016.67 8,043.26 0.38
London 9,777.10 9,748.88 0.29
Stockholm 1,011.13 1,011.41 0.04
Switzerland 12,333.92 12,319.53 0.36
Name Opening price Closing Price Change%
Shanghai 3,973.35 4,007.76 0.97
Hong Kong 26,061.58 26,485.90 2.12
Jakarta 8,354.68 8,337.06 0.22
Tokyo 50,792.55 50,883.68 1.34

Currency

Name Rate Last update
EURO/USD 1.152 Nov-06
GBP/USD 1.309 Nov-06
USD/JPY 153.663 Nov-06
USD/CHF 0.809 Nov-06