Dubai's Noor Bank has launched a $500 million, five-year debut sukuk issue that will price later on Tuesday, a document from lead arrangers showed.
The transaction was set to price at a spread of 130 basis points over midswaps
Noor Bank, Dubai, a subsidiary of Noor Investment Group, has appointed Damian White as its new treasurer.
In this role, White will be responsible for managing the bank’s trading activities, investment portfolio and the sale
Islamic banking is based on core principles of the religion. So it is striking that some banks are removing the word "Islam" from their names - a sign of both the potential of Islamic finance to grow, and the obstacles to it becoming m
Dubai-based Noor Bank said it has been appointed as a distribution agent by National Bonds Corporation (NBC), a unique UAE leader in Sharia compliant savings and investment schemes, to extend the availability of the savings programme.
Dubai’s Noor Bank has reported record net income of Dh85 million ($23 million) for first quarter 2014, up from Dh31 million for first quarter 2013, marking an increase of 174 per cent.
Return on equity improved to 14 per cen
The Dubai Multi Commodities Centre (DMCC) aims increase both the volume and size of transactions on its sharia-compliant commodity trading platform by partnering with a global brokerage.
This week, the DMCC partnered with global b
Dubai Group, part of a conglomerate owned by the emirate's ruler, may take longer than expected to reach an agreement with its lenders on a debt deal, a senior banker involved in the talks said on Monday.
"It is taking a bit more time," Hu
The Group chief executive officer of Noor Investment Group and Noor Islamic Bank has been named CEO of the Year– Best Islamic Bank at this year’s CEO Middle East Awards in Dubai.
The award was given in recognition of Hussain AlQemzi’s role