The Indonesian bank’s share price rose on Thursday in trade despite denials from ADIB that it is in talks to acquire a 15 per cent stake
ADIB has denied that it’s in talks to buy a minority stake in Indonesia’s top Islamic lender
Abu Dhabi Islamic Bank is actively working on prioritising substantial investments in renewable energy, clean technology, and eco-friendly projects
The issuance attracted interest from more than 100 global and regional investors with the final order book closing at $2.6bn
The partnerships seek to introduce members and investors to a range of services, promotional packages, and financing assistance programmes
The trading of the certificates on the Irish Stock Exchange was cancelled upon redemption of the certificates
The banking group has closed senior financing transactions worth more than GBP650m over the past five years
The bank reported strong growth numbers as its retail and corporate businesses reflected growth and diversification in business
According to the bank, the product’s fixed-rate tenor offers home buyers a worry-free experience, free from any large final payment or unexpected changes in installments
The issuance was met with robust demand, attracting interest from over 240 global and regional investors with the final order exceeding $7bn
The partnership will enable both organisations to pool their resources and capabilities to offer SMEs a more comprehensive suite of solutions and service
The state investor said the deal is in line with its strategy to create long-term value by optimising a global portfolio of investments
The Islamic bank made a profit of Dhs1.1bn in the three months to March 31, up from Dhs715m in the same period last year
The bank’s ownership in the Egyptian unit has risen to 52.607 per cent
Once provisioned, customers can make quick and easy payments with the tap of their wristwatch and instantly view their transaction history in the app
The partnerships with ADIB and RAKBANK will focus on providing ADGM-registered and licensed businesses with preferential banking services
ADIB will use the UAE Trade Connect platform to detect fraud and dubious transactions in the trade finance area
Both the organisations will work together to help companies issue scheme-enabled prepaid cards by reducing cost to launch and time to market
The Shariah-compliant lender is also continuing to look at organic and inorganic growth opportunities for its banking business
The fund was launched in October last year
Once implemented, ADIB customers can authenticate their e-commerce transactions by using their mobile application biometric authentication
Abu Dhabi Islamic Bank is reportedly planning to close local and international branches
Aiming for growth in new territories and demographic groups, Islamic banks look to drop the “Islamic” from their moniker.
Abu Dhabi Islamic Bank said Eurozone pressures and new regulations in the UAE will hit earnings for the rest of 2012.