Dubai Islamic Bank (DIB), the largest sharia-compliant lender in the emirate, said on Monday its nine-month net profit jumped 33.5 per cent.
The bank made Dh1.2 billion ($326.7 million) in the nine months to September 30, it said
Sharia-compliant mortgage lender Tamweel said on Monday its shareholders had approved the company's delisting from the Dubai stock exchange, paving the way for its acquisition by Dubai Islamic Bank.
Dubai Islamic Bank said in
Thuraya Telecommunications Company, a leading mobile satellite services operator, has secured a multi-million dollar long-term financing through Dubai Islamic Bank (DIB) for upgradation of its network infrastruct
Dubai Islamic Bank (DIB) said it has dealt with much of its balance sheet weakness and should see profits for 2013 grow in the high double digits, allowing it to eye acquisitions in new markets in Asia.
Leaders at the world's
Dubai Islamic Bank Group (DIB) said it has registered strong growth across all areas during the first half with a 17 per cent jump in its net profit which hit Dh301.7 million, compared to Dh258.5 million last year.
The Islamic len
Dubai Islamic Bank (DIB) has welcomed the first batch of Masrafi participants, following its recent agreement with the Emirates Institute for Banking and Financial Studies (EIBFS).
The Masrafi initiative was developed by EIBFS in
Dubai Islamic Bank (DIB) has repaid the entire amount of Dh3.75 billion ($1.02 billion) it had received in emergency funds from the UAE Ministry of Finance in 2008 to cope wit the global financial crisis.
Announcing the achievemen
Dubai Islamic Bank (DIB) has announced that it has extended the deadline to March 30 for acceptance of Tamweel share swap applications, to allow adequate time for shareholders to complete administrative formalities.
DIB is the majority
Dubai Islamic Bank, the largest sharia-compliant lender in the UAE by assets, launched a $1 billion hybrid sukuk on Wednesday, arranging banks said.
The perpetual sukuk, which is aimed at shoring up its core or Tier 1 capital, lau