Dubai Islamic Bank (DIB) expects loan growth to moderate to between 15 and 20 per cent in 2015 and is also targeting a reduction in its ratio of bad loans, its chief executive said on Sunday.
Adnan Chilwan was speaking to reporter
Dubai Islamic Bank (DIB) will reopen the Gulf bond market next week with a capital-boosting sukuk, the region's first debt offering in two months as financial markets there wobbled under the impact of falling oil prices.
Dubai Islamic Bank said on Tuesday it picked eight banks to arrange roadshows from January 8 for a potential benchmark size dollar-denominated sukuk issue which will boost the bank's capital reserves.
If the sale goes ahead af
Dubai Islamic Bank may need to enhance its capital reserves if it is to maintain its levels of loan growth, the bank's chief executive said on Wednesday.
"If you want to sustain the growth momentum, in order not to limit
Dubai-based Emirates District Cooling (Emicool) said on Sunday it had signed a $245 million, 12-year facility with Dubai Islamic Bank to refinance existing debt and fund its expansion.
Emicool, a venture between Dubai Investments
Dubai Islamic Bank (DIB) will purchase a 25 per cent stake in Indonesian Islamic lender Bank Panin Syariah, it said on Monday, as the United Arab Emirates-based bank looks to expand into the world's most populous Muslim nation.
The chief executive of Dubai Islamic Bank (DIB) said it was in talks to buy a 40 per cent stake in an Indonesian Islamic lender, as the bank eyes the world's most populous Muslim country to help diversify its revenues.
Dubai Islamic Bank's (DIB) net profit for the first quarter doubled, it said on Thursday, as the booming local economy boosted revenue and cut bad debts.
The result is consistent with the trend of rising profits for United Ara
Dubai Islamic Bank plans to expand its operations into Indonesia, Kenya and other African countries as it emerges from a period of consolidation, the bank's chief executive said.
The emirate's largest sharia-compliant lend
Dubai’s efforts to become a global Islamic finance centre are charted in a forthcoming report to be published by the global publishing, research and consultancy firm Oxford Business Group (OBG).
"The Report: Dubai 2014"