Friday 25 April 2014
 
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Dubai Islamic Bank

Dubai Islamic eyes Kenya, Indonesia for expansion

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

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Oxford Business Group ties up with DIB

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"

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Spotlight on Dubai's Islamic finance sector

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 will r

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Dubai Islamic to raise foreign ownership limit

Dubai Islamic Bank, the largest sharia-compliant lender in the emirate, said on Wednesday it would increase its foreign ownership limit to 25 per cent from 15 per cent. The bank said the decision had been approved by its board of

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Dubai Islamic net profit up 34pc

Dubai Islamic Bank (DIB), the largest sharia-compliant lender in the emirate, said on Monday its nine-month net profit jumped 33.5 per cent. The bank made Dh1.2 billion ($326.7 million) in the nine months to September 30, it said

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Mortgage lender Tamweel to delist from Dubai bourse

Sharia-compliant mortgage lender Tamweel said on Monday its shareholders had approved the company's delisting from the Dubai stock exchange, paving the way for its acquisition by Dubai Islamic Bank. Dubai Islamic Bank said in

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Thuraya secures key funding from DIB

Thuraya Telecommunications Company, a leading mobile satellite services operator, has secured a multi-million dollar long-term financing through Dubai Islamic Bank (DIB) for upgradation of its network infrastruct

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DIB sets Tamweel share swaps date

  Dubai Islamic Bank (DIB) said it has gained the necessary approvals and authorisations from the government financial institutions to execute the share swap with Tamweel investors on Thursday (May

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DIB eyes double-digit profit growth, acquisitions

Dubai Islamic Bank (DIB) said it has dealt with much of its balance sheet weakness and should see profits for 2013 grow in the high double digits, allowing it to eye acquisitions in new markets in Asia. Leaders at the world's

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Dubai Islamic Bank Q1 profit up 17pc

Dubai Islamic Bank Group (DIB) said it has registered strong growth across all areas during the first half with a 17 per cent jump in its net profit which hit Dh301.7 million, compared to Dh258.5 million last year. The Islamic len

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