FeaturedIslamic BankingDubai Islamic Bank to increase foreign ownership limit from 25% to 40%Pritam BordoloiFebruary 15, 2020February 14, 2020 by Pritam BordoloiFebruary 15, 2020February 14, 2020 The bank’s board of directors at Dubai Islamic Bank suggested the FOL changes... Read more
BankingFeaturedDIB becomes world’s largest Islamic bank with Noor Bank acquisitionInternational FinanceJanuary 23, 2020March 18, 2020 by International FinanceJanuary 23, 2020March 18, 2020 DIB will have total assets worth Dh275 billion, making it the fourth largest bank in the UAE... Read more
Islamic BankingDubai Islamic Bank, Noor Bank agree to share-swap dealPritam BordoloiNovember 26, 2019January 24, 2020 by Pritam BordoloiNovember 26, 2019January 24, 2020 One share in Dubai Islamic Bank will be swapped for 5.49 shares in Noor Bank... Read more
Islamic BankingDubai Islamic Bank weighs in on Noor Bank acquisitionPritam BordoloiNovember 21, 2019January 24, 2020 by Pritam BordoloiNovember 21, 2019January 24, 2020 The board of directors are expected to meet on November 25 to discuss the possible acquisition... Read more
Islamic BankingNoor Bank customers can buy Sharia products using credit cardsInternational Finance DeskAugust 1, 2019 by International Finance DeskAugust 1, 2019 Noor Bank and National Bonds sign a strategic deal to reduce impulse purchase behaviour at stores through the new scheme... Read more
Islamic BankingDubai’s Noor Bank net profits surge 29% to Dh410 mn in H1International Finance DeskJuly 25, 2019December 23, 2019 by International Finance DeskJuly 25, 2019December 23, 2019 Noor Bank’s rise in revenue is attributed to its income generated from net financing, investments and non-funded income... Read more
Islamic BankingDubai Islamic Bank to become top Shariah bank with Noor acquisitionInternational Finance DeskJune 10, 2019 by International Finance DeskJune 10, 2019 DIB will become one of the largest Islamic banks in the world with combined assets worth $76 billion... Read more