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islamic finance
ADIB recommends cash dividend of 46.6% of net profits for fiscal year 2020
March 6, 2021
(WAM) -- Abu Dhabi Islamic Bank (ADIB) has announced that its Board of Directors recommended a cash dividend of 20.58 fils per share which represents......
Continue Reading >UAE-based Gulf Islamic Investments acquires $300mln Paris property
March 4, 2021
UAE-based Gulf Islamic Investments (GII), a Shariah-compliant global financial services firm, said it has acquired Altaïs Towers, commercial......
Continue Reading >Sharjah Islamic Bank proposes 8 percent of cash dividends for shareholders
February 21, 2021
SHARJAH, 20th February, 2021 (WAM) -- Sharjah Islamic Bank agreed to distribute 8 percent in cash dividends to shareholders, after the bank achieved......
Continue Reading >UAE's top Islamic banks saw impairment losses widening in 2020
February 17, 2021
Leading Islamic banks in the UAE, Dubai Investment Bank (DIB) and Emirates Islamic Bank (EIB) posted increasing impairment losses in the financial......
Continue Reading >ADIB reports AED1.6 billion in net profit for 2020
February 15, 2021
Abu Dhabi, 14th February, 2021 (WAM) -- Abu Dhabi Islamic Bank (ADIB), delivered strong recovery of 73% growth in net profit in H2 2020 compared......
Continue Reading >SALAMA’s preliminary 2020 net profit doubles to AED136.13 million
February 15, 2021
DUBAI, 14th February, 2021 (WAM) -- Islamic Arab Insurance Company, listed as 'SALAMA' on DFM, reported significant growth in net profit......
Continue Reading >Sharjah Islamic Bank achieves net profit of AED405.8 mln for 2020, propose 8% cash dividend
January 21, 2021
SHARJAH, 20th January, 2021 (WAM) -- Sharjah Islamic Bank has reported an increase in its operating profits before provisions by 8.7 percent, amounting......
Continue Reading >ADIB launches new one-year healthcare equities note for investors in 2021
January 20, 2021
ABU DHABI, 19th January, 2021 (WAM) -- Abu Dhabi Islamic Bank (ADIB) has launched a new healthcare-focused equities basket note. The structured note......
Continue Reading >Global sukuk issuance to rise to $140-$155bln in 2021: S&P Global
January 13, 2021
The global sukuk market should continue to enjoy record-low interest rates and abundant liquidity throughout 2021 and beyond, S&P Global Ratings......
Continue Reading >Mashreq may move jobs to India, Egypt or Pakistan to save costs
January 7, 2021
Mashreq Bank plans to move nearly half of its employees to more cost-friendly locations and allow others to work from home as part of a dramatic......
Continue Reading >Top News
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