Mubasher: Jordan Islamic Bank’s (JIB) profits for the third quarter of fiscal 2016 leapt by 37.96% to JOD 13.96 million ($19.63 million), compared to JOD 10.12 million ($14.23 million) for Q3-15.

Net profit after tax for the first nine months of 2016 also grew by 19.13% to JOD 41.88 million from JOD 35.15 million for the same period of 2015, according to a bourse filing released on Tuesday.

Total expenses declined by 4.83% to JOD 15.87 million during the nine-month period, versus JOD 16.67 million for the same period last year.

The bank earlier posted a net profit of JOD 27.92 million for the first half of 2016, 11.5% up from JOD 25.05 million for H1-15.