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 | ||
| ============= | ============= | |||
No interest or profit income is recognized on impaired loans and advances or on impaired Islamic financing and investing assets.
