BankIslami posted an operating profit of Rs. 19.210mn in 2nd quarter of 2008.

(Rs. in m) Jun-08 Jun-07 Growth (%) Total Deposits 11,353 4,196 171% Total Assets 16,581 7,824 112% Total Financing-net 5,387 2,188 110% Total Investments 3,841 645 496% Share Capital 4,280 2,975 44% Shareholder’s Equity 4,232 3,171 33% Net Spread Earned 289 117 147% Fee, Commission & Brokerage Income 81 10 690% Operating Expense to Gross Income (%) 56.70 82.81 -32% Loss Before Tax -12.53 -49.87 -75% Loss After Tax -9.92 -37.24 -73% EPS (Rs.) -0.02 -0.13 82% Employees 722 413 75% Branches 36 14 157%

The 6-months results of 2008 posted by BankIslami showed a deposit growth of 171% to Rs.11.35 Billion, Financing growth of 146% to Rs. 5.39 Billion and Assets growth of 112% to Rs. 16.58 Billion by June 2008 as compared to June 2007. The paid up capital of the Bank would be raised to Rs. 5.28 Billion as the Bank announced a rights issue of 23.26% or Rs.1 Billion. The Bank reported a loss of Rs. 9.92 Million for the six months however for the quarter the Bank posted its first operating profit of Rs. 19.21 Million. The Bank aims to reach 20 more cities through its network of 66 more branches by December 2008.