Sunday 26 June 2016
 
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Emirates Islamic

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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Emirates Islamic launches remittance offer

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has launched a remittance offer until the end of the year. Under this offer, customers can benefit from competitive rates and zero transaction fees on

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Emirates Islamic eyes benchmark sukuk

Emirates Islamic Bank, a unit of Emirates NBD, has picked six banks for a potential benchmark-sized dollar sukuk, or Islamic bond, a source familiar with the matter said on Tuesday. The lender selected National Bank of Abu Dhabi, HSBC, Sta

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EIB offers new chip debit card

Emirates Islamic Bank (EIB), in co-operation with MasterCard Worldwide, became the first Islamic bank in the country to introduce a MasterCard unembossed chip debit card. Chip technology is one of the latest innovations in the payments ind

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