AMMAN (petra) - The Jordan Islamic Bank posted JD39 million in pre-tax net profit and JD28 million in after tax profit for the 2009 fiscal year.

The board endorsed the bank's financial statement for last year and recommended the distribution of dividends at a rate of 12 per cent.

In 2009, the bank raised its capital to JD100 million and shareholders' rights reached around JD176.8 million compared to around JD161 million at the end of 2008, at a growth by 10 per cent, Board Chairman Adnan Yousef indicated.

Yousef commended the bank's results, stressing the success of Islamic banking despite the challenges facing the world as a result of the repercussions of the financial crisis.