In November last year, DIB priced its inaugural sustainable sukuk, a $750m five-year senior issue with a profit rate of 5.493 per cent per annum
The bank reported Dhs14bn in total income for 2022, registering a 20 per cent year-on-year rise
The fully digital financing process will make it easier for Tesla customers to apply for auto financing and improve their buying experience
The transaction marked the largest issue size in international capital markets by a GCC bank since February 2022
The funding will be deployed to develop Dubai Islands and other waterfront projects
The bank reported total income of Dhs9.873bn, rising 10 per cent year-on-year, compared to Dhs8.94bn last year
The initiative will allow new customers to open a bank account with DIB remotely and digitally through face-matching verification
Gross new financing and sukuk investments saw a significant increase of Dhs33bn during the period
The bank’s total income reached Dhs3.01bn, recording growth of 6 per cent year-on-year compared to Dhs2.84bn achieved in Q1 2021
The issuance was oversubscribed by more than 2.5 times
The sukuk will be listed on Euronext Dublin and Nasdaq Dubai
The lender reported its profit jumped 33 per cent in 2021 to Dhs4.4bn
The bank’s total assets equalled Dhs279.1bn
Nasser Abdulla Al Awadhi previously served as the group chief of consumer banking at Dubai Islamic Bank
The additional funding comes after an initial financing of Dhs300m was secured earlier this year from the bank
DIB is the leading UAE-based sukuk issuer by value on Nasdaq Dubai with a total value of $6.3bn listed on the exchange
The move was implemented as per the directives of the UAE President Sheikh Khalifa bin Zayed Al Nahyan
Dubai Islamic Bank is now the largest UAE-based sukuk issuer by value on Nasdaq Dubai with a total of $7.3bn listed on the exchange
Second-quarter net profit for UAE-based top banks jumps 21 per cent
There is a total of $71.09bn sukuk now listed on the exchange
Sheikh Mohammed and Sheikh Hamdan paid tribute to the founder of the world’s first Islamic bank
The sukuk was nearly 4.5 times subscribed with a profit rate of 2.95 per cent per annum
The UAE’s biggest listed banks ranked by total asset size
The biggest listed companies in the UAE by market capitalisation
The country’s biggest listed banks, as ranked by total asset size
The biggest listed companies in the UAE as ranked by market capitalisation