Dubai Islamic Bank (DIB) News - Mubasher Info
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Dubai Islamic Bank (DIB)

Last update: 11:03 AM market time.
5.85
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News

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28 February 12:20 PM DIB’s annual assembly nods to AED 3.2bn dividends
Dubai – Mubasher: The annual general meeting (AGM) of Dubai Islamic Bank (DIB) greenlighted a 45% cash dividend aggregating to an amount of around AED 3.25 billion. DIB witnessed financial growth during 2023, as total income surged by 43% to AED …
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24 January 09:29 AM DIB delivers highest profits in history in 2023; dividends proposed
Dubai – Mubasher: Dubai Islamic Bank (DIB) generated net profits after tax valued at AED 7 billion in 2023, higher by 26% than AED 5.55 billion in the January-December 2022 period. Total net income was valued at AED 20.14 billion in …
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1 November 2023 11:28 AM DIB posts 18% surge in 9M-23 net profits
Dubai – Mubasher: Dubai Islamic Bank (DIB) recorded an 18% leap in net profit to AED 4.82 billion during the first nine months (9M) of 2023, compared to AED 4.10 billion in the year-ago period. The lender registered total income valued at AED …
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24 October 2023 03:16 PM SEC secures $3bn financing from 4 banks; deal signed during FII7
Riyadh – Mubasher: Saudi Electricity Company(SEC) inked a USD-denominated international syndicated facility agreement at a total value of $3 billion, equivalent to SAR 11.25 billion, during the proceedings of the global economic event, the Future …
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3 October 2023 02:01 PM DIB evolves customer experience with HPE GreenLake
Dubai – Mubasher: Dubai Islamic Bank (DIB) teamed up with the HPE GreenLake edge-to-cloud platform in order to enhance the core banking services, deliver improved customer experience, and launch new services and digital products. The lender will …
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1 October 2023 01:21 PM DIB enters Turkish digital banking sector via new investment
Dubai – Mubasher: Dubai Islamic Bank (DIB) has entered the Turkish digital banking and financial technology sector through an equity investment in T.O.M. Group of Companies, according to a press release. Established by Aydın Group shareholders, …
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23 August 2023 11:14 AM Six UAE lenders endorse green economy via AED 190bn financing
UAE – Mubasher: Six UAE lenders contributed to green financing with a total of AED 190 billion ($51.80 billion) by the end of 2022, the UAE Banks Federation (UBF) announced. The lenders are First Abu Dhabi Bank (FAB), Abu Dhabi Commercial …
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26 July 2023 10:58 AM DIB’s net profits jump to AED 3.11bn in H1-23
Dubai – Mubasher: The net profits of Dubai Islamic Bank (DIB) hiked to AED 3.11 billion in the first half (H1) of 2023 from AED 2.70 billion in H1-22. The UAE lender’s total income hit AED 9.30 billion in H1-23, marking a year-on-year (YoY) leap …
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5 June 2023 00:18 PM DIB fosters transformation strategy via new digital platform
Dubai – Mubasher: Dubai Islamic Bank (DIB) launched DIB alt, a transformative digital banking feature that is aimed to enhance the banking experience for DIB’s customers and provide them access to a range of digital services as well as products. …
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19 April 2023 01:21 PM DIB records AED 1.47bn profits to shareholders in Q1-23 initial financials
Dubai – Mubasher: Dubai Islamic Bank (DIB) achieved net profits attributable to the equityholders worth AED 1.47 billion in the first quarter (Q1) of 2023, higher than AED 1.33 billion in Q1-22. Total income hiked by 47% year-on-year (YoY) to AED …
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16 March 2023 00:19 PM DIB to pay AED 2.16bn dividends for 2022
Dubai – Mubasher: The shareholders of Dubai Islamic Bank (DIB) approved the board’s recommendation to disburse cash dividends worth AED 2.16 billion for 2022, equivalent to 30% of the paid-up capital. According to a bourse filing, the bank’s …
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25 January 2023 05:41 PM DIB’s net profits to owners hit AED 5.47bn in 2022; dividends proposed
Dubai – Mubasher: The consolidated net profits attributable to the owners of Dubai Islamic Bank (DIB) soared to AED 5.47 billion in 2022 from AED 4.39 billion in 2021, according to the income statements. The basic and diluted earnings per share …
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23 November 2022 05:41 PM DIB prices $750m from inaugural sustainable Sukuk
Dubai – Mubasher: Dubai Islamic Bank (DIB) has issued its $750 million inaugural sustainable Sukuk, which was announced last February, according to a press release. The issuance comes in line with DIB’s sustainable finance framework which aims to …
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25 October 2022 04:46 PM DIB’s profits exceed AED 4bn in 9M-22
Dubai – Mubasher: Dubai Islamic Bank (DIB) has logged net profits attributable to the owners worth AED 4.04 billion in the first nine months (9M) of 2022, an annual surge of 34% from AED 3.05 billion. The total net income reached AED 9.87 billion …
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27 April 2022 00:49 PM DIB's net profits surge in Q1-22
Dubai – Mubasher: The net profits attributable to the owners of Dubai Islamic Bank (DIB) hiked to AED 1.33 billion in the first quarter (Q1) of 2022 from AED 845.96 million in the year-ago period, according to the bank's consolidated interim …
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2 March 2022 03:52 PM DIB’s shareholders approve AED 1.8bn dividends for 2021
Dubai – Mubasher: The shareholders of Dubai Islamic Bank (DIB) gave the green light for distributing 25% of the paid-up capital as cash dividends for 2021. The UAE Islamic lender will pay a total amount of AED 1.80 billion as dividends to the …
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9 February 2022 10:53 AM DIB prices $750m Sukuk issuance
Dubai – Mubasher: Dubai Islamic Bank (DIB) has priced a five-year Sukuk issuance worth $750 million with a profit rate of 2.74% per year. The transaction, which is the first Sukuk issuance from the UAE in 2022, was more than 2.5 times …
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7 February 2022 00:15 PM DIB hires banks to issue 5-year US dollar Sukuk
Dubai – Mubasher: Dubai Islamic Bank (DIB) has selected banks to arrange for the issuance of five-year US dollar-denominated Sukuk, Reuters reported. Bank ABC, DIB, Emirates NBD Capital, First Abu Dhabi Bank (FAB), KFH Capital, HSBC, Sharjah …
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26 January 2022 10:23 AM DIB records rise in net profits in 2021; dividends proposed
Dubai – Mubasher: Dubai Islamic Bank (DIB) reported a rise in the net profits attributable to the owners to AED 4.39 billion in 2021, compared to AED 3.29 billion in 2020, according to the bank's consolidated financials for the year ended 31 …
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18 November 2021 01:42 PM Fitch affirms DIB, Mashreq ratings at 'A'; outlook stable
Dubai - Mubasher: Fitch Ratings has affirmed the long-term issuer default rating (IDR) of Mashreq Bank and Dubai Islamic Bank (DIB) at 'A', with a stable outlook. The global rating agency has maintained DIB's Viability Rating (VR) at 'bb+', …
The bank's net income increased to AED 7.148 billion
27 October 2021 09:52 AM DIB sees lower profits to AED 3.058bn in 9M
Dubai – Mubasher: The consolidated interim financials Dubai Islamic Bank (DIB) recorded AED 3.058 billion net profits attributable to the owners during the first nine months of 2021, down from AED 3.125 billion in the year-ago period. The bank's …
DIB has hired the banks to arrange the deal
1 September 2021 11:07 AM DIB plans to sell US dollar senior Sukuk
Dubai – Mubasher: Dubai Islamic Bank (DIB) plans to issue US dollar-denominated senior Sukuk, which could be around $500 million in size, sources told Reuters. DIB has hired the banks to arrange the deal, which is expected to be executed next …
The bank has benefitted from the re-opening of the Dubai economy
5 August 2021 10:11 AM DIB increases foreign ownership to 40%
Dubai – Mubasher: Dubai Islamic Bank (DIB) has raised its foreign ownership limit (FOL) from 25% to 40% after obtaining approvals from the Central Bank of the UAE (CBUAE) and the Securities and Commodities Authority (SCA). Higher FOL is attributed …
The bank's net income amounted to AED 4.628 billion in H1-21
28 July 2021 10:58 AM DIB's net profits down in H1-21
Dubai – Mubasher: The net profits attributable to the owners of Dubai Islamic Bank (DIB) declined to AED 1.853 billion during the first half (H1) of 2021, compared to AED 2.12 billion in the corresponding period of 2020, according to the bank's …
The credit facility is in addition to an initial AED 300 million financing
11 July 2021 01:05 PM Arada secures AED 250m Islamic facility from DIB
UAE - Mubasher: Arada, the UAE-based property developer, has secured a AED 250 million Islamic facility from Dubai Islamic Bank (DIB) to finance the construction of its Aljada megaproject in New Sharjah. The credit facility is in addition to …