The net profit of Investment Dar for the second quarter of this year fell 0.3% to KWD50.7 million (US$190.6 million) from KWD50.85 million (US$191.2 million) within the previous corresponding period. Despite the slight decline, this is still higher than Global Investment HouseÕs prediction of KWD42.8 million (US$161 million) last June.
For the first half of 2008, DarÕs shareholders equity was KWD406.83 million (US$1.5 billion), up by 6.5% from the previous corresponding period. Net income was reported at KWD96 million (US$360.7 million), which included KWD15.04 million (US$56.5 million) in unrealized profit on investments.
By the end of June, the Islamic investment bank had seen a 9.1% increase in asset management, to KWD1.44 billion (US$5.4 billion).