Tuesday 29 July 2014
 
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Dubai Islamic

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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Aman wins World Finance award

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

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Tamweel chair sees Q3 results similar to Q2

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

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Dubai Islamic Bank in funds deal with ministry

Dubai Islamic Bank has signed an agreement with the UAE's ministry of finance, which grants the lender capital to provide sharia-compliant products. The finance ministry has granted to Dubai Islamic Bank "the wakala capital for the purpose

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Dubai Islamic names new CEO

Dubai Islamic Bank (DIB) has appointed Abdulla Al Hamli as the bank’s new chief executive officer. Al Hamli, who previously served as chief of operations and information technology at DIB, has worked at the bank for nine years, following 1

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DIB to buy majority stake in Jordan bank

Dubai Islamic Bank (DIB) said on Tuesday it would buy a majority stake in Industrial Development Bank of Jordan with a view to converting it into an Islamic-compliant institution. The acquisition will take place through a joint venture wit

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