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 9,957.52 0.72 2,200,974,357
Dubai 5,705.76 0.38 1,075,478,532
Saudi 11,163.96 0.35 7,365,062,689
Kuwait 9,187.51 0.37 130,780,072
Qatar 10,749.48 0.17 481,796,242
Muscat 4,500.87 0.14 7,351,846
Bahrain 1,943.81 0.33 805,163
Egypt 32,857.62 1.05 2,377,010,638
Amman 2,777.45 0.88 18,296,501
Palestine 586.73 0.53 911,774

Commodities

Name Last update Closing Price Change %
Brent Jun-30 67.61 0.21
Natural Gas Jun-30 3.46 7.57
Gold Jun-30 3,307.70 0.61
Silver Jun-30 36.17 0.54
Platinum Jun-30 1,343.00 0.66
Nymex Light Jun-30 65.11 0.63

Global Market Indices

Name Opening price Closing Price Change%
Dow Jones 44,020.70 44,094.77 0.63
Nasdaq 20,360.20 20,369.73 0.47
S&P 500 6,193.36 6,204.95 0.52
Name Opening price Closing Price Change%
Frankfurt 24,109.15 23,909.61 0.51
Paris 7,714.56 7,665.91 0.33
London 8,798.91 8,760.96 0.43
Stockholm 962.98 953.13 0.68
Switzerland 12,001.25 11,921.46 0.49
Name Opening price Closing Price Change%
Shanghai 3,423.47 3,444.43 0.59
Hong Kong 24,274.91 24,072.28 0.87
Jakarta 6,936.06 6,927.68 0.44
Tokyo 40,550.79 40,487.39 0.84

Currency

Name Rate Last update
EURO/USD 1.178 Jul-01
GBP/USD 1.373 Jul-01
USD/JPY 144.031 Jul-01
USD/CHF 0.793 Jul-01