Siraj Finance Logo go to Siraj Home
annual report 2019 BACK TO SIRAJ HOME PAGE

CONSOLIDATED STATEMENT OF PROFIT OR LOSS

 
Note
2020
AED'000
2019
AED'000
Income from Islamic financing 16 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   40,307.14 38,495.01
Fee and commission income   22,652.35 22,879.61
Fee and commission expenses   (427.35) (1,017.21)
Net fee and commission income   22,225.00 21,862.41
Operating Expenses
Administrative expense   (31,104.22) (25,241.54)
Net impairment charge on Islamic finacing assets   (8,201.59) (8,952.86)
Islamic financing assets, written off   (5,791.10) -
Distribution to depositors   (477.18) (739.68)
Bank Charges   (195.70) (297.83)
Total Operating Expense   (45,769.79) (35,231.90)
Profit for the year   16,762.36 25,125.52