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Dubai Islamic Bank profits soar 26% to $1.5bnDubai Islamic Bank, the largest Islamic bank in the UAE, today announced a record growth in group net profit of 26% to AED5.552 billion ($1.51 billion) in 2022 vs AED4.406 billion in 2021. The strong grow More… |
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Dubai Islamic posts 9-month income at $2.4bnDubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has posted a net income of AED8.9 billion ($2.4 billion) during the first nine months of the year, marking a quarter-on-quarter increase of 4%. Nine-month resu More… |
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Dubai Islamic Bank net profit up 18%Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE and the second largest Islamic bank in the world, has announced an improvement in profitability with a total income of AED5.8 billion and a net profit of AED1.9 billion, up 5% and 1 More… |
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Dubai Islamic Bank closes lowest-priced $1bn sukukDubai Islamic Bank (DIB), the largest Islamic bank in the UAE by assets, has priced a landmark $1,000 million five-year sukuk issue with a profit rate of 1.9590% per annum. This transaction represents the lowest ever pricing achie More… |
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Dubai Islamic completes integration of Noor BankDubai Islamic Bank (DIB), a leading Islamic bank in the UAE, has announced that it has completed the integration of Noor Bank with the successful migration of all banking relationships into DIB. The acquisition further enhances DI More… |
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Dubai Islamic 9-month profit slides 22% to $850mDubai Islamic Bank, the largest Islamic bank in the UAE, has posted a gross net profit of AED3.124 billion ($850 million) for the first nine months of the year, as against AED4.015 billion during the same period of 2019, marking a decline of 22% More… |
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UAE’s four largest banks post H1 profit above $5bnThe UAE's four biggest banks reported first-half net profits rose to Dh19 billion ($5.3 billion), helped by asset growth and strong non-interest income, as well as a one-time gain at one of the banks, Moody's Investors Service said in a More… |
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Arada, Dubai Islamic partner for home financingUAE-based developer Arada has partnered with the country’s largest Islamic lender Dubai Islamic Bank (DIB) in a move to streamline the home ownership process for buyers in the former’s projects. The tie-up comes amid A More… |
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Dubai Islamic outlines Noor Bank acquisition plansDubai Islamic Bank (DIB), amongst the largest Islamic banks in the world is set to acquire Noor Bank, enhancing Dubai’s position as the capital of Islamic economy and creating the region’s most powerful Shari’a banking group. More… |
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Dubai Islamic mulls rival Noor Bank takeoverDubai Islamic Bank (DIB) said its board is seriously pursuing a potential acquisition of Noor Bank, a major shari'a compliant lender in the UAE. The largest Islamic bank in the UAE by total assets, DI More… |
