Monday 1 September 2014
 
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Emirates Islamic Bank

EIB offers new Islamic investment option

Emirates Islamic Bank, a leading Islamic financial institution in the UAE, has launched a four-year Wakala investment option for customers, with an expected profit rate of 2.57 per cent per annum. Available on investment amounts r

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Emirates Islamic names raffle winners

Emirates Islamic Bank said that a 61-year old Emirati businessman has won the top prize of Dh1 million ($272,000) in the bank’s quarterly Kunooz draw. Mohammad Abdulla S A. Al Maidoor won the grand cash prize, while Palestin

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Emirates Islamic launches new forex services

UAE-based Emirates Islamic Bank has today announced the launch of the first of a series of initiatives aimed at providing customers with market leading foreign exchange services. Faisal Aqil, deputy CEO, Consumer Wealth Management

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Emirates Islamic plans $408m rights issue

The Islamic unit of Emirates NBD, Dubai's largest listed bank, intends to begin a Dh1.5 billion ($408 million) rights issue this month. Emirates Islamic Bank (EIB) will increase its capital to Dh3.93 billion through the offeri

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Emirates Islamic, Dubai Bank complete integration

Emirates Islamic Bank has announced that it has successfully completed the integration of Dubai Bank customers, branches and operations into its platform. To date, most branches have been converted to Emirates Islamic Bank systems

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UAE newcomers offered banking package

Emirates Islamic Bank (EIB), the Islamic banking arm of Emirates NBD Group, a leading financial services organisation in the region, has launched a banking package for new entrants to the UAE. The package includes personal and vehicle f

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Emirates Islamic Bank prices $500m sukuk

Emirates Islamic Bank, the sharia-compliant arm of Dubai's largest lender Emirates NBD, priced a $500 million sukuk on Wednesday, as the lender took advantage of strong demand for Islamic debt from the Gulf Arab region. The sukuk, due to m

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EIB picks banks for benchmark bond

Dubai's Emirates Islamic Bank, a unit of Emirates NBD, has picked banks for a potential benchmark-sized dollar sukuk (Islamic bond), lead arrangers said on Tuesday. The lender mandated Emirates NBD Capital, Credit Agricole , Dubai Islamic

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EIB launches banking iPhone app

Emirates Islamic Bank (EIB), a leading Islamic financial institution, has launched its mobile banking via iPhone, allowing users to access online banking from their smartphone. The new Arabic-enabled application is a first-of-its-kind offe

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Emirates Islamic Q1 profit hits 2-year high

Emirates Islamic Bank, a top Islamic financial institution, posted operating profits of Dh138 million ($37.5 million) for the first quarter of 2012, marking a 56 per cent growth as well as its highest operating profit in the last two years.

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