ABC Islamic Bank reports $16.1M profit H1 2026
ABC Islamic Bank achieved a net profit of $16.1 million in the first half of 2026, representing a 40.3% decrease compared to the same period last year, primarily due to increased expected credit loss provisions. On the other hand, total operating income rose by 3.2% to $92.5 million, with net income attributable to shareholders increasing by 7.9%. Despite the decline in profits, the bank’s balance sheet remained stable, with investments valued at $481.1 billion and murabaha and leasing receivables amounting to $1.935 billion. The results for the first half aimed to enhance operational resilience amidst volatile economic conditions.
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