Thursday 28 July 2016
 
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Dubai Islamic Bank

Dubai Islamic $871m rights issue oversubscribed

Dubai Islamic Bank has completed its Dh3.2 billion ($871.3 million) rights issue aimed at bolstering its capital, with the issue roughly three times oversubscribed, it said on Sunday. The rights issue will increase the share capit

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Dubai Islamic plans Kenya ops by year-end

Dubai Islamic Bank (DIB) plans to be operating in Kenya before the end of 2016, despite the Kenyan authorities' moratorium on issuing new banking licences, according to sources familiar with the matter. The largest Islamic ban

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Dubai Islamic Bank to sell $500m sukuk

Dubai Islamic Bank (DIB) has launched a $500 million five-year sukuk issue at the tight end of revised price rangee, with the transaction set to close later on Tuesday, a document from lead arrangers showed. Pricing for the deal h

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Dubai Islamic Bank Q4 profit surges 63pc

Dubai Islamic Bank (DIB), the UAE's largest sharia-compliant lender, posted a 62.8 per cent increase in fourth-quarter net profit on Wednesday, according to Reuters calculations. The bank made Dh1.15 billion ($313.1 million) i

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DIB to boost capital after surge in lending

Dubai Islamic Bank (DIB) will need to boost capital next year, stated its chief executive on Wednesday, after a period of strong lending. "We will require capital. It will be a combination of Tier 1 and Tier 2," Adnan Ch

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Dubai Islamic targets 20pc loan growth in 2015

Dubai Islamic Bank is targeting 20 per cent loan growth in 2015, the lender's chief executive said on Wednesday. The back had set a target of 15-20 per cent loan growth for 2015 at the start of this year. But Ad

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Ireland firm wins DIB records storage contract

Ireland-based Glenbeigh Records Management (GRM), a leading records management company, has secured a contract with Dubai Islamic Bank. GRM provides highly secure, efficient and cost effective solutions to help organisations manag

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Dubai Islamic Bank Q1 net profit rises 34pc

Dubai Islamic Bank (DIB), the United Arab Emirates' largest sharia-compliant lender, posted a 33.9 per cent increase in first-quarter net profit on Wednesday, beating analysts' forecasts. The bank made a net profit attribu

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Dubai Islamic eyes 20pc loan growth in 2015

Dubai Islamic Bank (DIB) expects loan growth to moderate to between 15 and 20 per cent in 2015 and is also targeting a reduction in its ratio of bad loans, its chief executive said on Sunday. Adnan Chilwan was speaking to reporter

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DIB to test Gulf debt markets post oil slump

Dubai Islamic Bank (DIB) will reopen the Gulf bond market next week with a capital-boosting sukuk, the region's first debt offering in two months as financial markets there wobbled under the impact of falling oil prices. A suc

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