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.