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Dubai Islamic Bank (DIB)

Last update: 25 October 03:00 PM market time.
5.10
0.00
0.00%
Open 5.09
Previous Close 5.10
High 5.10
Low 5.05
Stock Statistics
Volume 2,336,321
Turnover 11,872,458.07
All data are 15 minutes late during market session

News

DIB has hired the banks to arrange the deal
1 September 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 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 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 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 …
The bank has issued the Sukuk at 110 basis points
16 June 12:30 PM DIB sells $1bn in five-year Sukuk
Dubai – Mubasher: Dubai Islamic Bank (DIB) has sold five-year Sukuk worth $1 billion after receiving over $2.8 billion in orders for the Islamic bonds, Reuters reported. The bank has issued the Sukuk at 110 basis points (bps) over mid-swaps, …
Dubai Islamic Bank
14 June 12:43 PM DIB to issue five-year USD-denominated Sukuk
Dubai – Mubasher: Dubai Islamic Bank (DIB) has reportedly hired seven banks to manage a US-dollar-denominated five-year Sukuk offering, Reuters reported. The size of the offering is expected to be no less than $500 million. Alongside DIB, Arab …
This matter is still subject to legal proceedings
27 May 02:25 PM DIB confirms ADGM Courts' ruling against NMC administrators
Dubai – Mubasher: The Abu Dhabi Global Market (ADGM) Courts have ruled in favor of Dubai Islamic Bank (DIB) and against the administrators of NMC Healthcare. DIB has welcomed the judgment which accepted its request that the ADGM Courts has no …
The bank's net income declined to AED 2.225 billion in Q1-21
28 April 09:47 AM DIB reports lower net profits in Q1-21
Dubai – Mubasher: The net profits attributable to the owners of Dubai Islamic Bank (DIB) decreased to AED 845.962 million during the first three months of 2021, compared to AED 1.111 billion in the corresponding period of 2020, according to the …
The Sukuk issuance was 5.6 times oversubscribed
21 April 12:10 PM DIB lists $500m perpetual Additional Tier 1 Sukuk on Nasdaq Dubai
Dubai – Mubasher: Nasdaq Dubai has welcomed the listing of a $500 million perpetual Additional Tier 1 Sukuk issued by Dubai Islamic Bank (DIB), according to a press release on Wednesday. With the lowest yield of 3.375% by a GCC bank on an …
The Sukuk is listed on Euronext Dublin and Nasdaq Dubai
15 April 11:51 AM DIB closes lowest pricing on $500m Sukuk issuance
Dubai – Mubasher: Dubai Islamic Bank (DIB) has priced a perpetual non-call five and a half year Additional Tier 1 (AT1) Sukuk issuance worth $500 million with a 3.375% profit rate per annum. This transaction records the lowest pricing closed by a …
The hired banks will arrange fixed income investor calls
12 April 10:59 AM DIB hires banks to arrange USD Sukuk issuance
Dubai – Mubasher: Dubai Islamic Bank (DIB) has hired banks to arrange for a planned issuance of US dollar-denominated Additional Tier 1 Sukuk that are non-callable for six years, Reuters reported. To arrange fixed income investor calls starting on …
AT1 bonds are the riskiest debt instruments banks can sell
5 April 04:04 PM DIB plans to issue US dollar AT1 Sukuk
Dubai – Mubasher: Dubai Islamic Bank (DIB) plans to issue the US dollar-denominated Additional Tier 1 (AT1) Sukuk within this week, two sources told Reuters. AT1 bonds, which are the riskiest debt instruments banks can sell, are perpetual in …
The dividend distribution aggregates at a total amount of AED 1.445bn
17 March 12:20 PM DIB’s shareholders approve 20% dividend
Dubai – Mubasher: The ordinary general meeting (OGM) of Dubai Islamic Bank (DIB) has agreed to distribute cash dividends, equivalent to 20% of the company’s paid-up capital. The cash dividend distribution aggregates at a total amount of AED 1.445 …
Both banks announced their knowledge of the resolution
14 March 12:36 PM DXBE's debt conversion to have no negative financial impact on Emirates NBD, DIB
Dubai – Mubasher: Emirates NBD and Dubai Islamic Bank (DIB) do not expect any negative impact on their financial position from the AED 4.27 billion debt conversion deal between DXB Entertainments and developer Meraas. Both banks announced their …
The combined net profits of the four largest banks in the UAE declined by 35%
10 March 09:38 AM UAE banks' profitability expected to remain under pressure in 2021 - Moody's
UAE - Mubasher: UAE banks' profitability is expected to remain under pressure in 2021, as pressure on net interest income, their main source of revenue, continues and provisions rise further, according to Moody's Investors Service. In its recent …
The company will also allow the board to issue additional Tier 1 non-convertible Sukuk
21 February 11:00 AM DIB's shareholders to authorise board to issue senior, additional Tier 1 Sukuk
Dubai – Mubasher: The shareholders of Dubai Islamic Bank (DIB) will consider authorising the board to issue any senior Sukuk or similar instruments, which are not convertible into shares, at a total amount not exceeding $7.5 billion. During its …
The bank's net income rose to AED 9.47bn in 2020
16 February 09:55 AM DIB sees lower profits in 2020; dividends recommended
Dubai – Mubasher: The consolidated financial results of Dubai Islamic Bank (DIB) reported a decrease in net profits attributable to the owners to AED 3.293 billion in 2020 from AED 5.014 billion in 2019. The bank's net income rose to AED 9.47 …
The Sukuk was oversubscribed 5.7 times
24 November 2020 01:42 PM DIB lists $1bn Sukuk on Nasdaq Dubai
Dubai – Mubasher: Dubai Islamic Bank (DIB) has celebrated the listing of a $1 billion Sukuk on Nasdaq Dubai, according to a press release on Tuesday. With a profit rate of 4.625% per annum, the Sukuk was oversubscribed 5.7 times for attracting …
DIB has achieved the lowest yield by any bank globally
15 November 2020 10:08 AM DIB closes lowest yield AT1 Sukuk
Dubai – Mubasher: Dubai Islamic Bank (DIB) has successfully closed a perpetual non-call 5.5 years Additional Tier 1 Sukuk worth $1 billion, with a profit rate of 4.625% per year.  Through this transaction, which is the only AT1 Sukuk from the GCC …
The banks will act as joint lead managers and joint bookrunners
11 November 2020 02:22 PM DIB mandates banks for additional Tier 1 Sukuk issuance
Dubai – Mubasher: Dubai Islamic Bank (DIB) has authorised banks to arrange investor calls for a planned issuance of benchmark fixed-rate additional Tier 1 perpetual Sukuk, Reuters reported. The mandated banks comprise DIB, Emirates NBD Capital, …
The DIB has closed the integration project in 283 days
2 November 2020 10:41 AM DIB completes integration of Noor Bank
Dubai – Mubasher: Dubai Islamic Bank (DIB) has successfully completed the integration of Noor Bank with its banking activities, according to a press release on Monday. The acquisition boosts DIB’s position as one of the world's largest Islamic …
The rise in assets is driven by higher deposits
1 November 2020 00:55 PM Emirati banks report 11% higher assets in 9M
UAE – Mubasher: The total assets of ten Emirati banks jumped by 11.4% to AED 2.681 trillion during the first nine months of 2020, when compared to the same period of 2019, according to the Emirates News Agency (WAM). The ten banks comprise First …
The services will be suspended on 28-31 October
26 October 2020 10:14 AM DIB to suspend services for final merger phase with Noor Bank
Dubai – Mubasher: Dubai Islamic Bank (DIB) will temporarily suspend its services to complete the final phase of its merger with Noor Bank. The services will be suspended on 28-31 October, according to the bank's disclosure to its customers. In …
The bank’s net income declined to AED 6.94bn
21 October 2020 10:08 AM DIB logs AED 3.13bn profits in 9M
Dubai – Mubasher: Dubai Islamic Bank (DIB) registered net profits attributable to the owners of AED 3.13 billion in the first nine months of 2020, down from AED 3.97 billion during the same months in 2019.  The bank’s net income declined to …
The total assets of seven DFM-listed banks rose to AED 1.347trn
19 August 2020 11:13 AM Listed Emirati banks see 8.2% higher assets in H1-20
UAE - Mubasher: The total assets of the 18 listed Emirati banks increased by 8.2% to AED 3 trillion in the first half (H1) of 2020, when compared to the corresponding period of 2019, according to the Emirates News Agency (WAM). The total assets of …