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Emirates Islamic Bank PJSC (مصرف الإمارات الإسلامى)
Main Activities: Banking and Credit Intermediation
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Company Information |
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Full name Emirates Islamic Bank PJSC (مصرف الإمارات الإسلامى) Previous name(s) Middle East Bank (2004) Headquarters P.O. Box 6564, Office Tower, 13th Floor, Dubai Festival City, Dubai.; Dubai; Northern Emirates |
Status: Listed Legal Form: Limited Liability Company Operational Status: Operational Financial Auditors: KPMG (2012) Incorporation Date: October 4, 1975 Total Employees: 1,162 Tel: 971 42287474 |
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Company Description |
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Emirates Islamic Bank formerly Middle East Bank was incorporated in the Emirate of Dubai on 3rd of October 1975. The Bank was reregistered as a Public Joint Stock Company in July 1995. In 2004, the bank was transformed to be a Shariah-compliant bank, and was named "Emirates Islamic Bank". The Bank is listed at Dubai Financial Market, and it is a subsidiary of Emirates Bank International PJSC, Dubai; which is a subsidiary of Emirates NBD Company. The Bank’s services are structured |
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Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues decreased with -27.90%, from AED 1,651,537 thousands to AED 1,190,680 thousands. The results of the period reached AED -448,522 thousands at the end of the period against AED 61,262 thousands last year. Return on equity (Net income/Total equity) went from 2.09% to -18.10%, the Return On Asset (Net income / Total Asset) went from 0.19% to -2.09% and the Net Profit Margin (Net Income/Net Sales) went from 3.71% to -37.67% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 766.95% compared to 1018.71% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.16 to 1.23 when compared to the previous year. |
Key Executives |
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FULL COMPANY PROFILE
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2012 Y (non-cons) |
2011 Y (non-cons) |
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| Audited | Audited | |
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| Finglobe - MENA Spread Financial Statements | Finglobe - MENA Spread Financial Statements | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
37,263,760 |
21,483,795 |
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Current Assets |
13,298,984 |
21,099,488 |
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Total Liabilities |
34,641,736 |
19,005,709 |
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Shareholders Equity |
2,622,024 |
2,478,086 |
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Current Liabilities |
26,738,069 |
17,212,786 |
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| * All the accounts are in AED. | ||
Income Statement
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Total Operating Revenue |
1,343,562 |
1,190,680 |
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Net Profit (Loss) |
81,112 |
-448,522 |
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| * All the accounts are in AED. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
0.22% |
-2.09% |
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Annualised Return on Assets (ROA) |
0.22% |
-2.09% |
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Return on Equity (ROE) |
3.09% |
-18.1% |
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Annualised Return on Equity (ROE) |
3.27% |
-15.32% |
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Return on Sales (ROS) |
6.04% |
-37.67% |
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Gross Profit Margin |
100% |
100% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
0.07x |
0.09x |
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Current asset turnover |
0.10x |
0.06x |
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Fixed-asset turnover |
0.06x |
3.10x |
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Asset Turnover |
0.04x |
0.06x |
| Valuation figures and ratios | ||
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Enterprise value |
34,557,074 |
19,730,575 |
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Bookvalue (BV) |
2,622,024 |
2,478,086 |
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Net Cash |
-32,637,041 |
-17,810,542 |
| Liquidity Ratios | ||
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Current Ratio |
49.74% |
122.58% |
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Quick ratio |
49.74% |
122.58% |
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Doom's day ratio |
7.5% |
6.94% |
| Leverage Ratios | ||
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Leverage ratio |
1,421.18% |
866.95% |
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Debt to equity |
1,321.18% |
766.95% |
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Debt to total assets |
92.96% |
88.47% |
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Long Term Debt to Capital |
75.09% |
41.98% |
| Market ratios | ||
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Market Cap / Net cash |
-0.06 |
-0.11 |
| Trend Ratios | ||
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Revenue Trend |
112.84% |
72.1% |
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Net Income Trend |
-18.08% |
-732.14% |
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