Despite the obvious spin in this news story, Ajman Bank, the first Shariah-Compliant bank in the emirate of Ajman, posted a loss during the first half of 2010. The “good” news is the loss wasn’t as big as their loss in the first half of 2009.

http://www.emirates247.com/business/corporate/ajman-bank-losses-shrink-28-to-dh15-97m-in-h1-2010-08-04-1.274909?

 

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