Dubai Islamic Bank to increase foreign ownership limit from 25% to 40%
The bank’s board of directors at Dubai Islamic Bank suggested the FOL changes...
Category : Islamic Banking
Dubai Islamic Bank, Noor Bank agree to share-swap deal
One share in Dubai Islamic Bank will be swapped for 5.49 shares in Noor Bank...
Dubai Islamic Bank weighs in on Noor Bank acquisition
The board of directors are expected to meet on November 25 to discuss the possible acquisition...
Sharjah Islamic Bank reports 8.8% increase in profits in Q3 2019
The bank’s profits for the quarter reached Dh124.9 mn as a result of increase in total income and decrease in general expenses...
MIDF to own 60% stake in the proposed merger with Al Rajhi
After the successful completion of the deal, MIDF would transform into an Islamic bank...
Emaar’s 10-year sukuk to generate 3.9% annual return
The sukuk is part of Emaar’s $2 billion trust certificate issuance programme...
Philippines signs law to establish Islamic banking in the country
Islamic Banks will boost financial inclusion, especially among the country’s Muslim population...
Qatar to centralise Islamic finance sector regulation
Qatar is following the examples of Malaysia, Indonesia, and a few other GCC countries...
Noor Bank customers can buy Sharia products using credit cards
Noor Bank and National Bonds sign a strategic deal to reduce impulse purchase behaviour at stores through the new scheme...
Dubai’s Noor Bank net profits surge 29% to Dh410 mn in H1
Noor Bank’s rise in revenue is attributed to its income generated from net financing, investments and non-funded income...