DUBAI ISLAMIC BANK P

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Financial statements for the 3rd QTR of 2021

10/27/2021 | 01:08am

Dubai Islamic Bank P.J.S.C.

Review report and condensed consolidated interim financial information

for the nine-month period ended 30 September 2021

Dubai Islamic Bank P.J.S.C.

Review report and condensed consolidated interim financial information (Unaudited) for the nine-monthperiod ended 30 September 2021

Pages

Report on review of condensed consolidated interim financial information

1

Condensed consolidated interim statement of financial position

2

Condensed consolidated interim statement of profit or loss

3

Condensed consolidated interim statement of comprehensive income

4

Condensed consolidated interim statement of changes in equity

5

Condensed consolidated interim statement of cash flows

6 - 7

Notes to the condensed consolidated interim financial information

8 - 42

Deloitte & Touche (M.E.)

Building 3, Level 6

Emaar Square

Downtown Dubai

P.O. Box 4254

Dubai

United Arab Emirates

Tel: +971 (0) 4 376 8888

Fax:+971 (0) 4 376 8899

www.deloitte.com

REPORT ON REVIEW OF INTERIM FINANCIAL INFORMATION

The Board of Directors

Dubai Islamic Bank PJSC

Dubai

United Arab Emirates

Introduction

We have reviewed the accompanying condensed consolidated statement of financial position of Dubai Islamic Bank PJSC (the "Bank") and its subsidiaries (collectively referred as the "Group"), as at 30 September 2021, and the related condensed consolidated interim statements of profit or loss, comprehensive income, changes in equity and cash flows for the nine month period then ended. Management is responsible for the preparation and fair presentation of this interim financial information in accordance with International Accounting Standard 34: Interim Financial Reporting ("IAS 34"). Our responsibility is to express a conclusion on this interim financial information based on our review.

Scope of Review

We conducted our review in accordance with the International Standard on Review Engagements 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity". A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying condensed consolidated interim financial information is not prepared, in all material respects in accordance with IAS 34.

Deloitte & Touche (M.E.)

Musa Ramahi

Registration No. 872

Dubai

United Arab Emirates

26 October 2021

Akbar Ahmad (1141), Cynthia Corby (995), Georges Najem (809), Mohammad Jallad (1164), Mohammad Khamees Al Tah (717), Musa Ramahi (872), Mutasem M. Dajani (726), Obada Alkowatly (1056), Rama Padmanabha Acharya (701) and Samir Madbak (386) are registered practicing auditors with the UAE Ministry of Economy.

Dubai Islamic Bank P.J.S.C.

Condensed consolidated interim statement of profit or loss (Unaudited)

for the nine-month period ended 30 September 2021

Note

NET INCOME

Income from Islamic financing and investing transactions

Commissions, fees and foreign exchange income Income from other investments measured at fair

value, net

Income from properties held for development and sale, net

Income from investment properties

Share of profit from associates and joint ventures Other income

Total income

Less: depositors' and sukuk holders' share of

profit

Net income

OPERATING EXPENSES

Personnel expenses

General and administrative expenses

Depreciation of investment properties

Depreciation of property and equipment

Total operating expenses

Net operating income before impairment

charges

Impairment charges, net

19

Gain on bargain purchase

30

Profit for the period before income tax expense

Income tax expense

Net profit for the period

Attributable to:

Owners of the Bank

Non-controlling interests

Net profit for the period

Basic and diluted earnings per share

(AED per share)

20

Three-month period

Nine-month period

ended 30 September

ended 30 September

2021

2020

2021

2020

AED'000

AED'000

AED'000

AED'000

2,338,589

2,436,468

6,786,862

7,973,066

414,813

444,583

1,250,355

1,317,870

6,521

1,199

19,695

45,364

20,762

11,325

72,806

41,627

68,502

16,114

123,513

50,110

20,613

14,493

116,757

13,435

234,117

143,478

575,686

450,276

-----

-----

-----

-----

3,103,917

3,067,660

8,945,674

9,891,748

(583,004)

(855,724)

(1,796,676)

(2,956,501)

-----

-----

-----

-----

2,520,913

2,211,936

7,148,998

6,935,247

-----

-----

-----

-----

(385,630)

(384,030)

(1,101,220)

(1,311,287)

(197,377)

(231,147)

(633,369)

(678,356)

(17,310)

(13,705)

(47,924)

(40,450)

(27,352)

(34,651)

(91,174)

(103,960)

-----

-----

-----

-----

(627,669)

(663,533)

(1,873,687)

(2,134,053)

-----

-----

-----

-----

1,893,244

1,548,403

5,275,311

4,801,194

(675,541)

(530,440)

(2,173,809)

(2,650,067)

-

-

-

1,014,654

-----

-----

-----

-----

1,217,703

1,017,963

3,101,502

3,165,781

(12,043)

(11,344)

(32,265)

(41,293)

-----

-----

-----

-----

1,205,660

1,006,619

3,069,237

3,124,488

=========

=========

=========

=========

1,205,213

1,004,884

3,058,928

3,125,474

447

1,735

10,309

(986)

-----

-----

-----

-----

1,205,660

1,006,619

3,069,237

3,124,488

=========

=========

=========

=========

0.15

0.11

0.36

0.37

=========

=========

=========

=========

The notes on pages 8 to 42 form an integral part of these condensed consolidated interim financial information.

3

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Dubai Islamic Bank PJSC published this content on 27 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2021 05:07:12 UTC.

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