Tuesday 5 November 2024
 
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Bank Islam

Dubai Group unit sells stake in Bank Islam

Dubai Financial Group, a subsidiary of diversified financial services company Dubai Group, has sold its 30.5 per cent stake in Bank Islam to BIMB Holdings, a Malaysia-based investment holding company. The agreement was signed betw

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Dubai Group may not sell Bank Islam stake

Dubai Group may not be keen to sell its stake in Malaysia's No. 2 sharia lender Bank Islam, the Business Times reported on Wednesday, citing a source. 'They may not sell after all because they see value in the bank,' the source

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Dubai's Bank Islam stake sale faces delay

Dubai Group's plan to sell its stake in Malaysia's Bank Islam is unlikely to be completed by June, Bank Islam's managing director was quoted as saying on Thursday.    "I don't think it can be done by June," Zukri Samat was

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Unicorn mulls Dubai's Bank Islam stake

Bahrain's Unicorn Investment Bank has reiterated that it is mulling buying Dubai Group's stake in Malaysia's Bank Islam, but said a deal was not imminent as shareholders needed to agree on the right partner and price. Dubai Group, an inves

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Dubai Financial declines share offer: Bank Islam

Dubai Financial Group (DFG), a global financial services company, has refused an offer to buy preference shares in Malaysia's Bank Islam, in which it holds a 40 per cent stake, the Malaysian lender said on Thursday. Bank Islam, which is Ma

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Malaysia Bank Islam plans $150m cash call

Malaysian sharia lender Bank Islam plans to raise up to 540 million ringgit ($149.5 million) by selling preference shares to existing shareholders, a Malaysian newspaper reported on Saturday. Bank Islam has sent out letters of invitation t

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EIIB ties up with Bank Islam

European Islamic Investment Bank (EIIB) has signed a strategic co-operation agreement with Bank Islam Malaysia Berhad (Bank Islam). EIIB is the first independent, Sharia'a compliant, Islamic investment bank to be authorised and regulated b

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