The Board of Directors of Dubai Islamic Bank Pakistan Limited (DIBPL) recently held a meeting to approve its financial statements for the year ended December 31, 2014. DIBPL is a fully owned subsidiary of Dubai Islamic Bank UAE, the world’s first Islamic Bank. Alhamdulillah! The Year 2014 marked numerous achievements for DIBPL. On the financial side, the Bank reported a year-endProfitBefore Tax (PBT) of PKR 926 Million which is a 337% growth in PBT in comparison to 2013. Furthermore, a 24% deposit growth was achieved in comparison to 2013, taking total deposits to PKR 84 Billion in 2014. On the asset side, DIBPL’s Total Assets rose by 27% in contrast to 2013 increasing the Total Assets base to PKR 102 Billion in 2014. The Bank’s Financings grew substantially by 66 % over the year, taking total Financings to PKR 59 Billion.
