Dubai, UAE -- Dubai Islamic Bank (DIB) has priced a $1 billion Additional Tier 1 (AT1) perpetual sukuk after attracting more than $2.3 billion in investor orders, underscoring demand for Gulf bank debt despite heightened geopolitical tensions across the Middle East. The UAE's largest Islamic lender priced the non-call six-year...
Dubai Islamic Bank completes $1bn sovereign financing Pakistan
Dubai, UAE -- Dubai Islamic Bank (DIB) has announced the successful completion of a landmark US$1 billion syndicated term-finance facility for the Government of Pakistan, arranged in collaboration with a consortium of regional and international financial institutions. The five-year facility is an innovative transaction, partially guaranteed by a Policy-Based Guarantee...
DIB reports $1.86bn net profit
The bank's income rose by 43% YoY to $5.4 billion.
Saudi Electricity Company signs $3 billion financing agreement
Riyadh, Saudi Arabia -- The Saudi Electricity Company (SEC) announced today signing a $3 billion (SAR 11.25 billion) international syndicated facility agreement with four leading banks in the region. The agreement was signed amid Riyadh's prominent global economic event, the Future Investment Initiative. The financing agreement has a tenure of...
DIB to buy stake in TOM Group
DIB felt Turkey is a great investment destination.
DIB logs 15% net profit growth
The bank recorded a total income of $2.53 billion.DIB H1 2023 net profit $844m
Profit driven by core revenues, effective cost management.
Dubai Police and DIB sign agreement to support Bayti initiative with US$5.44mn
Dubai, UAE--The Dubai Police and Dubai Islamic Bank (DIB) have signed an agreement to back the social initiative, "Bayti", with $5.44 million to support people with low-income in home construction and furnishing. The ‘Bayti’ initiative was recently launched by Dubai Police General Command, the Department of Islamic Affairs and Charitable...Dubai Islamic Bank unveils digital banking services
Dubai, UAE - Dubai Islamic Bank launched DIB alt, a full-fledged digital umbrella brand to house all of the bank's digital offerings and capabilities under one roof. DIB ‘alt’ is a full-service transformative digital banking experience that is set to enhance the banking experience for DIB’s customers by many folds,...DIB Q1 profit up
Net financing and sukuk investments stood at $65.35bn.DIB declares 30% dividend
The bank’s net profit in 2022 surged 26 percent.DIB raises $1bn from sukuk
It had raised $750m through the sale of its debut sukuk in Nov 2022.
7 UAE banks report $9bn profit in 2022
Emirates NBD's profits climbed by 40% to $3.53 billion.
Dubai Islamic Bank lists sukuk
The bank listed the sustainable sukuk on Nasdaq Dubai.Dubai Islamic Bank, Al Ramz Corporation announce strategic alliance
Dubai Islamic Bank will now provide brokerage and related services to its clients through Al Ramz Capital.UAE’s top banks post 10% profit jump in H1 of 2022
Signalling a broader economy recovery in the country, four largest banks of the UAE have posted a big surge in net profit to $4.4 billion in the first half of 2022, a 10 percent jump from the 2021 profit of $3.9 billion. According to Moody's, the profits resulted from higher...
‘Digitization transforming Islamic banking in GCC’
The use of CX capabilities, digital media, predictive analytics can help banks develop personalized Shariah-compliant services, says Dubai Islamic Bank Group CEO Dr Adnan Chilwan.Dubai Islamic Bank issues $750m five-year sukuk
Dubai Islamic Bank has successfully priced its $750 million five-year senior sukuk, taking advantage of global interest in Islamic bonds. The bank is the largest Islamic lender in the UAE.Dubai Islamic Bank profit rises
Its net profits increased by 39 percent in 2021 to AED 4.4 billion.
DIB ups foreign ownership limit to 40 percent
Group CEO says the bank geared towards benefitting from the re-opening of the Dubai economy post Covid-19 pandemic.Dubai Islamic Bank donates $1.77 million of Zakat money to ERC programs
The Dubai Islamic Bank has donated Zakat money worth AED6.5 million to support the program and projects of the Emirates Red Crescent Both sides signed a cooperation agreement to coordinate the distribution of the donation to those eligible to receive Zakat The Emirates Red Crescent, the Islamic world’s equivalent of...
