Thursday 24 April 2014
 
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ADIB

ADIB offers profit rate-free home financing

Abu Dhabi Islamic Bank (ADIB), a top-tier financial institution, is offering personal finance of up to Dh200,000 at a zero profit rate to help cover transaction costs associated with buying a property. The offer is being launched

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ADIB Q1 net profit up 20pc on higher lending

Abu Dhabi Islamic Bank , the largest sharia-compliant lender in the emirate, met analysts' expectations as it posted a 20.4 percent rise in first-quarter net profit on Monday, with higher lending cited for the increase. The le

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ADIB closes $326m loan for Dubai theme park

Abu Dhabi Islamic Bank (ADIB) has closed a Dh1.2 billion ($326.6 million) syndicated Islamic facility for IMG Theme Park, the company behind IMG Worlds of Adventure, a mega-themed entertainment destination in Dubai.  

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ADIB to pay out half of profit as dividend

Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution, announced the distribution of 30.66 per cent cash dividends, which represent 50 per cent of full year net profits for 2013. The bank will also issue

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Two Abu Dhabi banks vie for Barclays UAE retail ops

Two Abu Dhabi lenders have emerged as frontrunners to buy most of Barclays' retail banking operations in the UAE, with a final decision expected next month after a competitive bidding process, banking sources said on Wednesday.

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ADIB offers smartphone industry investment

Abu Dhabi Islamic Bank (ADIB) is offering investors the opportunity to make a low-risk investment in one of the fastest growing industries in the world -- smartphone manufacturing. As part of its growing wealth management offering

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Adib offers salary transfer deal with perks

Abu Dhabi Islamic Bank (Adib), a top-tier Islamic financial services institution, has launched a new package for people who transfer their salary to Adib, including a free credit card, free remittance services and a chance to win two years&rsquo

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ADIB's profit leaps on higher revenue

Abu Dhabi Islamic Bank (ADIB) reported a 41 per cent rise in fourth-quarter net profit helped by higher revenue from its core business, beating analysts' forecasts. Banks in the UAE are reaping the benefits of a recovering eco

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Adib honoured for SME support services

Abu Dhabi Islamic Bank (Adib), a top-tier Islamic financial services institution, has been recognised as the Best Supporting Bank – SME Initiatives in the UAE by the Mohammed Bin Rashed Al Maktoum Award for Young Leaders. Th

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Gems $200m sukuk oversubscribed

A $200 million hybrid sukuk offered by Gems Education, a Dubai-based schools operator, is oversubscribed before final pricing, according to a document from lead arrangers. Initial pricing thoughts remain at a profit rate of 11.75-

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