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| Note | 2021 AED'000 |
2020 AED'000 |
2019 AED'000 |
|
| Income from Islamic financing | 16 | 34,411.53 | 39,081.66 | 37,205.21 |
| Profit on Wakala deposit with financial institutions | - | 1,225.49 | 1,289.80 | |
| Net interest income and income from Islamic financing and investing assets | 34,411.53 | 40,307.14 | 38,495.01 | |
|---|---|---|---|---|
| Fee and commission income | 21,150.02 | 22,652.35 | 22,879.61 | |
| Other income | 4.28 | - | - | |
| Fee and commission expenses | (149.59) | (427.35) | (1,017.21) | |
| Net fee and commission income | 21,000.43 | 22,225.00 | 21,862.41 | |
| Operating Expenses | ||||
| Administrative expense | (36,201.45) | (33,751.89) | (25,241.54) | |
| Net impairment charge on Islamic finacing assets | (3,067.10) | (5,553.92) | (8,952.86) | |
| Islamic financing assets, written off | (112.50) | (5,791.10) | - | |
| Distribution to depositors | (399.25) | (477.18) | (739.68) | |
| Bank Charges | (45.66) | (195.70) | (297.83) | |
| Total Operating Expense | (39,825.96) | (45,769.79) | (35,231.90) | |
| Profit for the year | 15,586.00 | 16,762.36 | 25,125.52 |