Sunday 23 July 2017
 
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Dubai Islamic

DIB launches an instant remittance solution to India

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has launched an instant funds transfer solution for those wiring money to India. The new service ‘DIB Express Transfer’ guarantees that funds can be wired

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Dubai Islamic Bank Q1 profits up 4pc to $283m

Dubai Islamic Bank (DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, today reported a group net profit of Dh1.042 billion ($283.68 million) for the first quarter of this year, up 4 per cent compa

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Dubai Islamic set to open $860m rights issue

Dubai Islamic Bank will open subscriptions on Tuesday for a Dh3.16 billion ($860.3 million) rights issue aimed at bolstering the capital base of the UAE's largest sharia-compliant lender. The bank is offering 988.4 million new

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Dubai Islamic Bank Q2 net profit jumps 35pc

Dubai Islamic Bank (DIB), one of the United Arab Emirates' largest sharia-compliant lenders, posted a 35 per cent rise in second-quarter net profit on Wednesday as loan impairments shrank. Beating analysts' forecasts, the

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Dubai Islamic to publish finance report with OBG

Dubai Islamic Bank has signed an agreement on research with Oxford Business Group (OBG), a global publishing firm, for a report that will spotlight on the wealth of initiatives taking shape under the emirate’s Islamic economy strategy.

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Dubai Islamic buys 25pc of Indonesia bank

Dubai Islamic Bank (DIB) has completed the purchase of a 24.9 percent stake in Indonesia's Bank Panin Syariah from its parent firm, an executive at Bank Pan Indonesia was quoted as saying on Wednesday. DIB, the largest Islamic

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Dubai Islamic mulls acquisitions

Dubai Islamic Bank is targeting loan growth of around 10-15 percent in 2014 and is eyeing expansion in the Far East, East Africa and the Gulf region which could potentially include acquisitions, its chief executive said on Thursday.

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Dubai Islamic profits jump 66pc

Dubai Islamic Bank (DIB), the largest sharia-compliant lender in the emirate, posted a 66.2 percent jump in its fourth-quarter net profit, Reuters calculations show. Beating analysts' forecasts, the bank made 518 million dirha

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DIB picks Deutsche Bank for euro clearing

Dubai Islamic Bank (DIB) and Deutsche Bank have signed an agreement which will allow DIB to utilise the bank’s euro cross-border payment clearing solutions and its European trade expertise to facilitate letters of credit into Europe.

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Dubai Islamic CEO quits GFH board

Dubai Islamic Bank's chief executive officer Abdulla Al Hamli has resigned from the board of Gulf Finance House, the Bahraini investment bank said Sunday. Al Hamli, who held the position of a board member at GFH, has decided to focus on h

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