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islamic finance
Dubai Islamic Bank shareholders approve 30% dividend for 2022
March 17, 2023
DUBAI, 16th March, 2023 (WAM) -- Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE and the second-largest Islamic bank in the world,......
Continue Reading >Sharjah Islamic Bank receives 'Learning Culture of Year' award
March 14, 2023
SHARJAH, 13th March, 2023 (WAM) – The Human Resources and Learning Platform in the Middle East and Africa awarded Sharjah Islamic Bank (SIB)......
Continue Reading >Dubai's DAMAC sees 'robust demand' for its $200mln sukuk
February 15, 2023
Dubai’s DAMAC said it has seen “robust demand” for its new bond offering, a $200 million senior unsecured sukuk. The 2.25-year......
Continue Reading >SALAMA's 2022 preliminary net profit reaches AED45.27 million
February 15, 2023
DUBAI, 14th February, 2023 (WAM) -- Islamic Arab Insurance Company, listed as “SALAMA” on DFM, announced its preliminary results for......
Continue Reading >Dubai Islamic Bank to raise $1bln with sustainable sukuk
February 10, 2023
DUBAI - Dubai Islamic Bank, the biggest Islamic lender in the United Arab Emirates, is set to raise $1 billion from a sale of long five-year sustainable......
Continue Reading >UAE's Emirates Islamic Bank prices 3-yr, $272.26mln dirham-denominated sukuk
February 9, 2023
DUBAI - Emirates Islamic Bank, majority-owned by Emirates NBD - Dubai's biggest lender - priced a three-year 1 billion dirham ($272.26 million)......
Continue Reading >Abu Dhabi Islamic Bank launches Customer Majlis Initiative
February 7, 2023
ABU DHABI, 6th February, 2023 (WAM) -- Abu Dhabi Islamic Bank (ADIB) hosted its Customer Majlis to facilitate dialogue between customers from all......
Continue Reading >Dubai Islamic Bank to sell dollar sustainable sukuk - document-
February 3, 2023
DUBAI - Dubai Islamic Bank has hired banks to arrange an issuance of U.S. dollar-denominated sustainable sukuk, or Islamic bonds, a bank document......
Continue Reading >Emirates Islamic net profit rises 51% to AED1.24bn in 2022
January 27, 2023
DUBAI, 26th January, 2023 (WAM) -- Emirates Islamic reported a net profit of AED 1.24 billion in 2022, a 51% increase from the previous year. The......
Continue Reading >AED33.1 billion in net profit reported by seven listed banks for 2022
January 27, 2023
ABU DHABI, 26th January, 2023 (WAM) – Seven listed banks in the UAE reported net profit of AED33.125 billion in 2022, demonstrating the strength......
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