Abu Dhabi Islamic Bank on Sunday posted a 16.6 percent rise in fourth-quarter net profit, and marginally increased its dividend for 2015.

The emirate's largest sharia-compliant bank made a net profit of Dh477.4 million ($130 million) in the three months ending December 31, compared to Dh409.6 million in the same period a year ago, it said in a bourse statement.

Beltone Financial forecast the bank would make a profit attributable to shareholders of Dh399 million in the quarter.

ADIB's board has proposed paying a cash dividend of 24.27 percent for 2015, the statement added, equivalent to Dh0.2427 per share. The bank paid a dividend of Dh0.2334 per share for 2014.-Reuters