#Dubai Islamic Bank

UAE investments in Turkiye hit Dhs20.6bn

World Investment Forum 2023: UAE investments in Turkiye hit Dhs20.6bn

The two nations are collaborating in areas such as climate change, energy, water, and food security

DIB acquires minority stake in Türkiye’s T.O.M. Group

DIB acquires minority stake in Türkiye’s T.O.M. Group

The transaction will be formalised after the clearance from the Turkish competition watchdog

UAE’s top banks post $7.4bn in H1 2023 net profit

Top UAE banks’ combined H1 2023 profit hits $7.4bn

The country’s banks continue to stand on firm financial ground and are poised to navigate through the broader macroeconomic landscape

Lulu Mall in Fujairah

Lulu to raise $2.7bn ahead of possible IPO

The Abu Dhabi-based hypermarket chain is realigning its capital structure before a possible listing in 2024 after delaying those plans this year

DIB’s quarterly net profit jumps by 15% to $844m

DIB’s Q2 net profit surges to $844m on higher revenue

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

DIFC, DIB backed AccelerateHER is back

DIFC, DIB-backed AccelerateHER returns for 7th edition, registrations open

The AccelerateHER network has successfully mentored over 100 women through more than 200 mentorship pairings and 120 workshops

DIB launches DIB alt image DIB

Dubai Islamic Bank launches DIB ‘alt’, consolidates digital offerings

DIB alt brings together more than 135 digital services via the DIB Mobile App, online banking, WhatsApp and ATMs

Dubai Islamic Bank branch

Dubai Islamic Bank posts 12% surge in quarterly profit on higher revenue

The bank’s balance sheet expanded by 1.3 per cent YTD to Dhs292bn while customer deposits settled at Dhs198bn

UAE banks' net profits

Top 5 UAE banks’ combined annual net profit rises to $11.5bn in 2022

The sector is expected to maintain a stable outlook in 2023 driven by growing demand for digital services and industry competitiveness

Dubai-Islamic-Bank-sustainable sukuk e1643183109370

Dubai Islamic Bank successfully prices $1bn sustainable sukuk, its second so far

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

Dubai Islamic Bank

2022: Dubai Islamic Bank reports highest ever net profit

The bank reported Dhs14bn in total income for 2022, registering a 20 per cent year-on-year rise

Tesla appoints Vaibhav Taneja as CFO

Dubai Islamic Bank launches financing solution for future Tesla owners

The fully digital financing process will make it easier for Tesla customers to apply for auto financing and improve their buying experience

Dubai Islamic Bank prices $750m inaugural sustainable sukuk

Dubai Islamic Bank prices $750m inaugural sustainable sukuk

The transaction marked the largest issue size in international capital markets by a GCC bank since February 2022

Nakheel

Dubai’s Nakheel secures financing worth $4.6bn to drive growth

The funding will be deployed to develop Dubai Islands and other waterfront projects

Dubai Islamic Bank

Dubai Islamic Bank posts 34% rise in group net profit for Q1-Q3 2022

The bank reported total income of Dhs9.873bn, rising 10 per cent year-on-year, compared to Dhs8.94bn last year

MOI DIB to collaborate

Dubai Islamic Bank teams up with UAE MOI to implement digital KYC journey

The initiative will allow new customers to open a bank account with DIB remotely and digitally through face-matching verification

DIB reports profit of 2.7 bn in h1 2022

Dubai Islamic Bank net profit rises 45% to Dhs2.7bn in H1 2022

Gross new financing and sukuk investments saw a significant increase of Dhs33bn during the period

Dubai Islamic Bank

Dubai Islamic Bank posts 58% rise in net profit for Q1 2022

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

Dubai Islamic Bank lists $750m sukuk on Nasdaq Dubai

The issuance was oversubscribed by more than 2.5 times

Dubai Islamic Bank prices $750m senior sukuk

The sukuk will be listed on Euronext Dublin and Nasdaq Dubai

Dubai Islamic Bank targets growth, scouts out deals

The lender reported its profit jumped 33 per cent in 2021 to Dhs4.4bn

Dubai Islamic Bank posts 39% rise in net profit for 2021

The bank’s total assets equalled Dhs279.1bn

Abu Dhabi Islamic Bank appoints DIB banker as group CEO

Nasser Abdulla Al Awadhi previously served as the group chief of consumer banking at Dubai Islamic Bank

Arada gets Dhs250m funding from Dubai Islamic Bank for megaproject construction

The additional funding comes after an initial financing of Dhs300m was secured earlier this year from the bank

Dubai Islamic Bank Nasdaq Dubai sukuk

Dubai Islamic Bank lists $500m sukuk on Nasdaq Dubai

DIB is the leading UAE-based sukuk issuer by value on Nasdaq Dubai with a total value of $6.3bn listed on the exchange

Banks erase debt worth Dhs869.85m of 1,607 Emiratis

The move was implemented as per the directives of the UAE President Sheikh Khalifa bin Zayed Al Nahyan

Nasdaq Dubai Dubai Islamic Bank

Dubai Islamic Bank lists $1bn sukuk on Nasdaq Dubai

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

Top UAE banks signal slow recovery for Q3 2020 – report

Second-quarter net profit for UAE-based top banks jumps 21 per cent

Dubai Islamic Bank lists $300m sukuk on Nasdaq Dubai

There is a total of $71.09bn sukuk now listed on the exchange

Haj Saeed bin Ahmed Al Lootah

Haj Saeed bin Ahmed Al Lootah, founder of Dubai Islamic Bank, dies

Sheikh Mohammed and Sheikh Hamdan paid tribute to the founder of the world’s first Islamic bank