August 12th, 2026 - 05:07 GMT
For the first half of 2026, Bank ABC Islamic reported total Operating income after profit on murabaha and other payables and before attribution to quasi-equity of US$92.5 million, up 3.2% from the same period last year, while net income attributable to quasi-equity increased by 7.9%. Net profit, however, declined by 40.3% to US$16.1 million, compared with US$26.9 million in the prior-year period, primarily due to a charge for expected credit losses versus a reversal in the same period last year. Key Performance Highlights Net profit of US$16.1 million, 40.3% ...