Dubai Islamic Bank reports that its first quarter profits nosedived a whopping 46% compared to a year ago. Of course, you’d hardly know it from the spin contained in the article linked below, which, in the best traditions of Shariah Finance, attempts to conceal the truth by making a silk purse out of a sow’s ear…

http://www.business24-7.ae/banking-finance/banking/dib-q1-net-profit-dives-46-to-dh200m-2010-05-06-1.241004

 

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