Friday 24 March 2017
 
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Emirates Islamic

Emirates Islamic posts $26.86m profit

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, posted a net profit of Dh106 million ($28.86 million) for 2016. Total Income for 2016 (net of customers’ share of profit and distribution to suk

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Emirates Islamic income hits $680m in 2016

Emirates Islamic, one of the fastest growing banks in the UAE, said its total income (incuding the net of customers’ share of profit and distribution to Sukuk holders) for 2016 surged three per cent to Dh2.5 billion ($680.4 million).

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SIB, Emirates Islamic list sukuk on Nasdaq Dubai

Sharjah Islamic Bank (SIB) and Emirates Islamic have listed their sukuks valued at $500 million and $250 million on Nasdaq Dubai. The listings raised the total value of sukuk listed in Dubai to $44.8 billion, reinforcing the emira

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Emirates Islamic closes $250m tap of sukuk issuance

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has successfully closed a $250 million tap of its earlier $750 million five-year sukuk issued in May 2016. This is under the bank’s $2.5 billion

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Emirates Islamic launches ‘Flex’ cards

Emirates Islamic, a top bank in the UAE, has launched a new range of cards that offers instant and flexible rewards redemption options. Emirates Islamic, a top bank in the UAE, has launched a new range of cards that offers instant

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Emirates Islamic Bank launches $750m sukuk

Dubai-based Emirates Islamic Bank has launched the sale of $750 million in sukuk with five years duration, which will be completed later on Monday, a document from lead managers showed. Pricing for the instrument has been set at 2

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Emirates Islamic posts $12m Q1 profit

Emirates Islamic, a leading Islamic financial institutions in the UAE, has registered a net profit of Dh45 million ($12.2 million) for the first quarter of the year amid a tempered market situation. Announcing the results, the UAE

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Emirates Islamic offers free fund transfers

UAE-based Emirates Islamic has launched a promotion which offers its customers free foreign currency fund transfers. Additionally, customers will also get cashback on their foreign currency transfers. Clients can get up to Dh 200 cashba

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Emirates Islamic wins big at UAE award ceremony

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has won four awards at CPI Financial’s Islamic Business & Finance Awards Ceremony. The lender was named Best Retail Bank (UAE), Best Commercial Ba

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Emirates Islamic nine-month profit doubles

Emirates Islamic, leading bank in the UAE, has announced a net profit of Dh534 million ($145 million) for the first nine months of the year, up 109 per cent compared to the same period of 2014. Total operating income stood at Dh1.

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