11 Net Interest Income and Income From Islamic Financing and Investing Assets
Net Interest Income and Income From Islamic Financing and Investing Assets
2020 | 2019 | |||
AED’000 | AED’000 | |||
Loans and advances | 200,957 | 223,597 | ||
Income from Islamic financing and investing assets | 1,783 | 9,978 | ||
Due from banks | 5,471 | 14,783 | ||
Income from perpetual investments | 1,795 | 11,601 | ||
———————— | ———————— | |||
Interest income and income from Islamic financing and investing assets | 210,006 | 259,959 | ||
———————— | ———————— | |||
Customers’ deposits and margin accounts | (40,792) | (74,663) | ||
Due to banks and other financial institutions | (15,018) | (9,718) | ||
Profit distributable to depositors | (732) | (1,240) | ||
———————— | ———————— | |||
Interest expense and profit distributable to depositors | (56,542) | (85,621) | ||
———————— | ———————— | |||
Net interest income and income from Islamic financing and investing assets | 153,464 | 174,338 | ||
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No interest or profit income is recognized on impaired loans and advances or on impaired Islamic financing and investing assets.