The sukuk marks the lowest-ever credit spread achieved by DIB and the largest sustainable issuance by a regional financial institution in nearly a year
The Shariah-compliant bank’s net operating revenues rose by 11 per cent YoY to reach Dhs11.7bn, while operating profit stood at Dhs8.5bn
The two nations are collaborating in areas such as climate change, energy, water, and food security
The transaction will be formalised after the clearance from the Turkish competition watchdog
The country’s banks continue to stand on firm financial ground and are poised to navigate through the broader macroeconomic landscape
The Abu Dhabi-based hypermarket chain is realigning its capital structure before a possible listing in 2024 after delaying those plans this year
The Shariah-compliant bank’s total income reached Dhs9.3bn during the quarter, up 49 per cent from Dhs6.22bn the same period a year ago
The AccelerateHER network has successfully mentored over 100 women through more than 200 mentorship pairings and 120 workshops
DIB alt brings together more than 135 digital services via the DIB Mobile App, online banking, WhatsApp and ATMs
The bank’s balance sheet expanded by 1.3 per cent YTD to Dhs292bn while customer deposits settled at Dhs198bn
The sector is expected to maintain a stable outlook in 2023 driven by growing demand for digital services and industry competitiveness
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