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DIB sets Tamweel share swaps dateDubai Islamic Bank (DIB) said it has gained the necessary approvals and authorisations from the government financial institutions to execute the share swap with Tamweel investors on Thursday (May More… |
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DIB eyes double-digit profit growth, acquisitionsDubai 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 More… |
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Dubai Islamic Bank Q1 profit up 17pcDubai 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 More… |
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DIB welcomes first Masrafi batchDubai 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 More… |
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DIB repays $1.2bn UAE emergency fundsDubai 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 More… |
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DIB delays Tamweel share swap deadlineDubai 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 More… |
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Dubai Islamic launches $1bn Tier 1 sukukDubai 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 More… |
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DIB investors approve Tamweel acquisitionDubai Islamic Bank (DIB) said its shareholders have given approval to the lender for 100 per cent acquisition of the emirate's top Islamic mortgage lender, Tamweel. The announcement was made at the end of DIB's extraordina More… |
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DIB makes offer for Tamweel sharesDubai Islamic Bank (DIB) has published its formal offer for the shares in Tamweel it does not currently own, following approval from the Securities and Commodities Authority (SCA). Under t More… |
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DIB ties up with Canadian universityDubai Islamic Bank (DIB) said it has signed an agreement with the Canadian University of Dubai to support the educational aspirations of its UAE National employees in line with its on-going Emiratisation strategy. Under the terms More… |
