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
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
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
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
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.
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
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
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