Abu Dhabi Islamic Bank (ADIB) on Thursday posted a 1 per cent rise in second quarter net profit.

The emirate's largest sharia-compliant bank made a net profit of Dh507.5 million ($138.2 million) in the three months ending June 30, compared to Dh502.6 million in the same period a year ago, it said in a statement.

EFG Hermes forecast the bank would make a net profit of Dh477 million in the quarter, while Arqaam Capital forecast a net profit of Dh503 million. – Reuters