Saturday 29 April 2017
 
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Dubai Islamic Bank

Dubai Islamic Bank unit wins Kenya licence

Dubai Islamic Bank,  the largest Shariah compliant lender in the UAE, said its Kenyan subsidiary, DIB Bank Kenya, has been granted licence by the central bank to carry out operations in the east African nation. With this appr

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Dubai Islamic 2016 profit up 6pc to $1.1bn

Dubai Islamic Bank (DIB) has reported a net profit of Dh4.050 billion ($1.1 billion) for 2016, an increase of 6 per cent compared to Dh3.839 billion in 2015. At the Annual General Meeting (AGM) held yesterday (February 23) in Duba

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Dubai Islamic Bank issues $1bn senior sukuk

Dubai Islamic Bank has announced the successful pricing of the largest senior sukuk issuance by a financial institution globally. The $1 billion sukuk was issued with a five-year tenor, maturing on February 14, 2022. The issuance

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Dubai Islamic Bank profit up 6pc to $1.1bn

Dubai Islamic Bank (DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, posted a net profit of Dh4.05 billion ($1.10 billion) for the year ended December 31, 2016, up 6 per cent compared with Dh3.83

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DIB named UAE’s strongest Islamic retail bank

Dubai Islamic Bank, the UAE’s largest shariah compliant bank, was named the ‘Strongest Islamic Retail Bank’ in the UAE at the recently held Islamic Retail Banking Awards. Organised by Cambridge IF Analytica, the

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Dubai Islamic Bank profits up 7pc to $819.7m

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE by total assets, posted a group net profit of Dh3.011 billion ($819.78 million) for the first nine months of this year, up 7 per cent compared with Dh2.801 billion for the same period

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Dubai Islamic $871m rights issue oversubscribed

Dubai Islamic Bank has completed its Dh3.2 billion ($871.3 million) rights issue aimed at bolstering its capital, with the issue roughly three times oversubscribed, it said on Sunday. The rights issue will increase the share capit

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Dubai Islamic plans Kenya ops by year-end

Dubai Islamic Bank (DIB) plans to be operating in Kenya before the end of 2016, despite the Kenyan authorities' moratorium on issuing new banking licences, according to sources familiar with the matter. The largest Islamic ban

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Dubai Islamic Bank to sell $500m sukuk

Dubai Islamic Bank (DIB) has launched a $500 million five-year sukuk issue at the tight end of revised price rangee, with the transaction set to close later on Tuesday, a document from lead arrangers showed. Pricing for the deal h

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Dubai Islamic Bank Q4 profit surges 63pc

Dubai Islamic Bank (DIB), the UAE's largest sharia-compliant lender, posted a 62.8 per cent increase in fourth-quarter net profit on Wednesday, according to Reuters calculations. The bank made Dh1.15 billion ($313.1 million) i

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