11 Net Interest Income and Income From Islamic Financing and Investing Assets
Net Interest Income and Income From Islamic Financing and Investing Assets
| 2021 | 2020 | |||
| AED’000 | AED’000 | |||
| Loans and advances | 172,201 | 200,957 | ||
| Income from Islamic financing and investing assets | 3,663 | 1,783 | ||
| Due from banks | 3,843 | 5,471 | ||
| Income from perpetual investments | 1,013 | 1,795 | ||
| Other | 225 | – | ||
| ———————— | ———————— | |||
| Interest income and income from Islamic financing and investing assets | 180,945 | 210,006 | ||
| ———————— | ———————— | |||
| Customers’ deposits and margin accounts | (24,959) | (40,792) | ||
| Due to banks and other financial institutions | (17,636) | (15,018) | ||
| Profit distributable to depositors | (1,154) | (732) | ||
| ———————— | ———————— | |||
| Interest expense and profit distributable to depositors | (43,749) | (56,542) | ||
| ———————— | ———————— | |||
| Net interest income and income from Islamic financing and investing assets | 137,196 | 153,464 | ||
| ============= | ============= | |||
No interest or profit income is recognized on impaired loans and advances or on impaired Islamic financing and investing assets.
