Al Hilal Bank, an Abu Dhabi based Islamic bank, has announced that its viability rating (VR) has been upgraded by global rating agency Fitch Ratings.
Fitch has also affirmed the long-term and short-term issuer default ratings (IDR
In a major move, Abu Dhabi-based Al Hilal Bank said it will start permitting its customers to use their Emirates Identity Authority (EIDA) identity cards for withdrawals and transfers at all its ATMs across the country.
Abu Dhabi's Al Hilal Bank plans to raise $500 million from a capital-boosting Islamic bond issue, a document from lead arrangers said on Monday.
The transaction, which has a perpetual tenor but can be bought back by the lender
Abu Dhabi-based Al Hilal Bank has launched a new fund designed for investors interested in participating in the growth and income potential of Shariah-compliant equities and sukuk from around the world.
The Global Balanced Fund is
Al Hilal Bank, a major UAE-based bank, announced that its net profit for 2013 reached a record high of Dh441.4 million ($120.14 million), reflecting a 42 per cent increase as compared to the Dh310.3 million posted in 2012.
Al Hilal Bank, a leading Shariah compliant bank, emerged as one of the most awarded institutions at the 2013 Islamic Finance News (IFN) Awards held yesterday (February 24) in Dubai.
The bank received ‘UAE Deal of the Year&rs
Al Hilal Bank, fully owned by the Abu Dhabi Investment Council, the investment arm of the Government of Abu Dhabi, has been named ‘Best Islamic Financial Pioneer’ at the recent Tatweej Academy for Excellence Awards in Dubai.
Abu Dhabi-based Islamic lender Al Hilal Bank has announced that it has been certified under the international Payment Card Industry Data Security Standard (PCI-DSS).
This assures customers that the bank has world-class measures in
Abu Dhabi government-owned Al Hilal Bank will price its debut Islamic bond offering on Tuesday, subject to market conditions, a document from lead managers said, with investors showing strong demand for the issue.
Books are now op
Abu Dhabi government-owned Al Hilal Bank expects net profit growth of over 40 percent this year as it prepares to make a debut sukuk issue of $500 million in the fourth quarter, its top executive said on Wednesday.
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