Friday 25 April 2014
 
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DIB

DIB appoints new managing director, CEO

Dubai Islamic Bank (DIB) has appointed Abdulla Al Hamli as the managing director and a board member for the bank, and Dr Adnan Chilwan as the chief executive officer. Mohammed Ibrahim Al Shaibani, director-general of The Ruler&rsq

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Mortgage lender Tamweel to delist from Dubai bourse

Sharia-compliant mortgage lender Tamweel said on Monday its shareholders had approved the company's delisting from the Dubai stock exchange, paving the way for its acquisition by Dubai Islamic Bank. Dubai Islamic Bank said in

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DIB ratings receives Moody’s affirmation

Dubai Islamic Bank Group (DIB) has announced that its long term issuer ratings have been affirmed by Moody’s at Baa1. The bank ratings, put on a review late last year when Moody’s took action on all major Dubai-based b

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Dubai Islamic Bank Q1 profit up 17pc

Dubai Islamic Bank Group (DIB) said it has registered strong growth across all areas during the first half with a 17 per cent jump in its net profit which hit Dh301.7 million, compared to Dh258.5 million last year. The Islamic len

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DIB launches mentoring plan for new staff

Dubai Islamic Bank (DIB) recently launched a mentoring programme for new employees, through which senior DIB executives will mentor new staff to facilitate the exchange of knowledge throughout the bank. In the mentoring programme, senior D

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DIB’s $500m sukuk draws big response

Dubai Islamic Bank (DIB) yesterday (May 22) priced a $500 million five-year sukuk, which was oversubscribed four times. The pricing was done under bank’s newly established $2.5 billion sukuk programme. Deutsche Bank, DIB, Emirates NBD, HSB

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Dubai Islamic eyes 5-year sukuk

Dubai Islamic Bank has released initial price guidance for a new five-year benchmark-sized Islamic bond, or sukuk, arranging banks said on Monday. Indicative pricing for the sukuk was given at 375 basis points over midswaps. The borrower w

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Dubai Islamic eyes benchmark sukuk

Dubai Islamic Bank  (DIB), the largest sharia-compliant lender in the emirate, is planning to issue a benchmark-sized, dollar-denominated Islamic bond, or sukuk, lead arranging banks said. Roadshows for the bond sale will begin in Kua

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Dubai Islamic posts $66.7m Q1 profit

Dubai Islamic Bank (DIB) today reported a net profit of Dh245 million ($66.7 million) for the first quarter, an increase of 11 per cent compared to Dh222 million during the same period of 2011. The bank demonstrated sustained growth acros

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DIB launches Arabic online interface

Dubai Islamic Bank (DIB) has launched the Arabic interface of its Internet-based banking service, Al Islami Online Banking, allowing customers to conduct over 70 banking transactions in both Arabic and English. In addition to a complete Ar

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