Dubai-Mubasher: Dubai Islamic Bank (DIB) affirmed the news that it signed with the Dubai-based Metito an Islamic financing agreement worth AED 240 million, according to a bourse filing to Dubai Financial Market (DFM) on Sunday.
Metito before announced that this agreement is another step in expanding Islamic finance into sectors and institutions previously catered to by the conventional form of banking.
DIB previously posted a 36% profit leap in the first nine months of 2015 to AED 2.8 billion ($762 million), compared to AED 2.06 billion ($561 million) in the same period a year ago.
