Dubai Islamic Bank completes $750 million Sukuk issue
DUBAI: Dubai Islamic Bank (DIB) successfully closed a USD 750 million 5-year Sukuk with a profit rate of 2.950% per annum, which is equivalent to 140bps over the 5-year Mid…
Dubai Islamic Bank posts 13% growth in profits to AED 2.7 billion
DUBAI: Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has announced 13% YoY growth in net profit to AED 2.7 billion for the half year ended June…
Dubai Islamic Bank outlines plans to acquire Noor Bank
DUBAI: Dubai Islamic Bank (DIB), amongst the largest Islamic bank in the world is set to acquire Noor Bank, enhancing Dubai’s position as the capital of Islamic economy and creating…
Dubai Islamic Bank posts 12 percent growth in profits in Q1 2019
DUBAI, UAE: Dubai Islamic Bank (DIB) has announced a net profit of AED 1.35 billion for the quarter ended March 31, 2019, up 12 percent compared with the profit of…
Dubai Islamic Bank (DIB) partners Dubai Electricity and Water Authority (DEWA) for financing electric vehicles
DUBAI, UAE: Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has entered into a partnership with Dubai Electricity and Water Authority (DEWA) to offer exclusive auto finance…
Dubai Islamic Bank (DIB) Board authorized to issue a total of $7.0 billion worth of Sukuk
DUBAI, UAE: The Annual General Meeting (AGM) of Dubai Islamic Bank (DIB) has authorized the Board of Directors (BoD) of the Bank to issue a total of $7.0 billion worth…