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
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
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.
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
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.
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
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.
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
Dubai Islamic Insurance and Reinsurance Company (Aman) has been awarded the World Finance Award for the best Takaful provider in 2011.
“We are very proud to receive this award, given our constant efforts to offer excellence in service deli
Troubled Islamic mortgage firm Tamweel expects to post third quarter earnings similar to its first and second quarter results as it prepares to start issuing fresh mortgages, the company's chairman said on Monday.
Speaking at the property