DUBAI: Dubai Islamic Bank (DIB), the United Arab Emirates' largest sharia-compliant lender, posted a 3 percent increase in second-quarter net profit on Wednesday, broadly in line with analysts' forecasts.

The bank made 928.9 million dirhams ($252.9 million) in the three months to June 30, it said in a statement. This compares with a profit of 902 million dirhams in the corresponding period of 2015.

The average forecast of three analysts polled by Reuters was for DIB to make a quarterly profit of 933 million dirhams.

Copyright Reuters, 2016