More SPs likely from expanding Dubai Islamic Bank

More structured investment products are likely from Dubai Islamic Bank, which today announced a 56% year on year increase in its half yearly net profit to AED707m. The bank said its Al Islami Capital Protected Note, launched in May, was part of a strategy designed to achieve higher growth and to provide high returns to investors via a series of investment funds. More are expected in the months to come as DIB ‘aggressively’ expands its network to 53 branches throughout the UAE by the end of 2007