Abu Dhabi Islamic Bank reports 54% surge in 2022 profit

Abu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the emirate, reported a 54 per cent surge in its 2022 net profit, as income grew amid a broader recovery in the UAE economy.

Net profit after zakat and tax for the 12-month period attributable to shareholders rose to Dh3.58 billion ($974 million), ADIB said in a statement on Monday to the Abu Dhabi Securities Exchange, where its…

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Abu Dhabi Islamic Bank reports 54% surge in 2022 profit

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