Adnan Chilwan, CEO of Dubai Islamic Bank, said in an interview with Bloomberg TV that the bank is interested in potential digital settlements in Turkey.
In the interview, Chilwan stated that they focused on expanding the bank’s market share in the United Arab Emirates, and explained that they focused on 3 main countries for expansion, namely Pakistan, Indonesia and Kenya.
“We expect 2023 to be a year full of decent benefits.” Chilwan said the operating quality of the bank is not alarming and provides adequate protection from potential shocks.
According to the financial results of Dubai Islamic Bank, the largest Islamic bank in the UAE, for the period ending 31 December 2022, the bank posted a record-breaking annual net profit of AED 5.6 billion, up 26 percent year on year. The company’s total revenue also rose 20 percent year-on-year to AED 14 billion.
The bank’s cluster net profit reached AED 5,552 million, up 26% year-on-year, from AED 4,406 million in the same period last year. The company’s net financing and sukuk investments also increased by 5 percent year-on-year to AED 238 billion.