Dubai Islamic Bank (DIB) has reported 63% growth in its net profit for the fiscal year 2014 to AED 2.8 billion, compared with AED 1.72 billion a year earlier.

The bank is capitalized at AED 3,953,751,107 at AED 1 par value each.

EFG-Hermes has set the bank’s fair value at AED 8.40 with a Neutral recommendation on the stock.

DIB has posted AED 2.06 billion net profit for the first nine months of FY14, with a rise by 71.66% year-over-year from AED 1.2 billion.

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