Dubai Islamic Bank (DIB) News - Mubasher Info
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06 April 11:28 AM

Dubai Islamic Bank (DIB)

Last update: 12:11 PM market time.
7.40
0.03
0.41%
Open 7.33
Previous Close 7.37
High 7.41
Low 7.33
Stock Statistics
Volume 2,943,197
Turnover 21,709,902.22
All data are 15 minutes late during market session

News

Profits amounted to AED 1.21 billion in Q1-18
18 April 2018 00:29 PM DBI profits grow 16% in Q1-18
Dubai – Mubasher: Dubai Islamic Bank (DIB) on Wednesday announced that its profits rose 16% year-on-year in the first quarter of 2018. Profits amounted to AED 1.21 billion ($33 million) in Q1-18 up from AED 1.04 billion ($280 million) in the same …
Financial Results
Dubai Islamic Bank and the Dubai Land Department signed an e-mortgage agreement
1 April 2018 10:00 AM DIB inks e-mortgage deal with Dubai Land Department
Dubai – Mubasher: Dubai Islamic Bank (DIB) and the Dubai Land Department (DLD) have announced signing an e-mortgage agreement that will bolster the emirate’s digital transformation and support all parties’ transactions. DLD director general Juma …
Macroeconomics
Basel III requirements entail higher liquidity
18 March 2018 06:50 PM UAE banks to see AED 4b capital increase
By: Mahmoud Gamal Dubai – Mubasher: Banks operating in the UAE are at pains to increase their capital, coinciding with forecasts regarding raising key interest rates gradually in 2018. Three UAE-listed banks unveiled plans to increase their …
Sector Reports
Dubai Islamic Bank will pay a total of AED 2.219 billion as dividends
22 February 2018 10:17 AM Dubai Islamic Bank to pay 45% dividends for FY17
Dubai – Mubasher: The ordinary general meeting (OGM) of Dubai Islamic Bank has approved the board’s recommendation to pay 45% of capital as cash dividends or 45 fils per share for fiscal year 2017. Dubai Islamic Bank will pay a total of AED 2.219 …
Corporate Actions
The paid-up capital will increase to a maximum of AED 6.58 billion
22 February 2018 09:50 AM Dubai Islamic Bank nods to capital hike
Dubai – Mubasher: The ordinary general meeting (OGM) of Dubai Islamic Bank on Wednesday approved raising the capital by 33.33%. The UAE's largest sharia-compliant bank will issue new shares up to 1.64 billion at a total value of AED 1.647 billion …
General Assembly
The new listing is deemed DIB’s sixth sukuk listing on Nasdaq Dubai
20 February 2018 02:04 PM Dubai Islamic Bank marks $1bn sukuk listing
Dubai – Mubasher: Dubai Islamic Bank (DIB) has celebrated the listing of $1 billion sukuk on Nasdaq Dubai, the Emirati bourse said in a statement on Tuesday. The new listing is deemed DIB’s sixth sukuk listing on Nasdaq Dubai, which makes the …
Sukuk and Islamic Finance
The expansion is planned to include a hypermarket
13 February 2018 10:51 AM Al Ahli Holding gets AED 1.25bn financing for mall expansion
Dubai – Mubasher: Al Ahli Holding Group on Tuesday announced that it has secured an AED 1.25 billion credit facility for the expansion of Dubai Outlet Mall. Dubai Islamic Bank (DIB) was the transaction’s coordinator, mandated lead arranger, …
Companies Investments
The issuance was oversubscribed by 175%
4 February 2018 04:35 PM KFH Capital arranges $1bn sukuk issue for DIB
Kuwait – Mubasher:  KFH Capital, the investment arm of KFH Group, on Sunday stated that the bank has arranged the issuance of $1 billion sukuk for Dubai Islamic Bank (DIB), said KFH Capital’s chief investment banking officer Abdullah Al-Haddad. …
Sukuk and Islamic Finance
DIB has reached the second phase of its growth plan
4 February 2018 01:48 PM DIB eyes 15% growth in 2018
Dubai – Mubasher: Dubai Islamic Bank (DIB) is planning to grow 10%-15% during 2018, the CEO Adnan Chilwan told CNBC Arabiya Sunday. The bank has reached the second phase of its growth plan for 2017/2018 and is now targeting various investment …
Companies Investments
10 UAE banks recorded a combined net profit of AED 8.26 billion in Q4-17
31 January 2018 04:13 PM UAE banks record positive results despite challenges - Analysis
By: Mahmoud Gamal Dubai – Mubasher: Ten UAE banks recently disclosed their results for the fourth quarter of 2017 and the full year 2017, posting an overall positive performance despite the challenges seen during the year. These 10 banks recorded …
Financial Results
The next meeting would be held on 28 February
24 January 2018 00:04 PM DIB’s OGM to consider AED 2.2bn dividends
Dubai – Mubasher: Dubai Islamic Bank’s (DIB) ordinary general meeting (OGM) is scheduled to be held on Wednesday 21 February 2018 to discuss the payment of AED 0.45 per share or AED 2.22 billion dividends, which equals 45% of the bank’s capital. …
Cash Dividends
The bank’s net profits surged 45.3% in Q4-17
17 January 2018 00:26 PM DIB’s net profits hit AED 1.33bn Q4
Dubai – Mubasher: Dubai Islamic Bank’s (DIB) financial results on Wednesday showed a 45.3% increase in net profits during the fourth quarter of 2017, registering AED 1.3311 billion ($362.36 million) versus AED 916.2 million ($249.41 million) in …
Financial Results
The stock’s turnover has reached AED 159 million
11 January 2018 11:55 AM DIB’s market cap hits AED 1.54bn in 9 sessions
By: Mahmoud Gamal Dubai – Mubasher: Dubai Islamic Bank’s (DIB) stock rose 2.13% on the Dubai Financial Market (DFM) with a market capitalisation of AED 1.54 billion during the first nine sessions in January, pushed up by positive expectations …
Companies Investments
The 24 million-square-foot project is located in Sharjah
28 December 2017 06:35 PM UAE ARADA secures AED 1bn loan for Aljada project
Dubai – Mubasher: ARADA on Thursday announced that it had secured an AED1 billion syndicated loan from two UAE-based banks to finance the development of Aljada project. The United Arab Emirates-based property developer arranged an Islamic facility …
Companies Investments
The 14 banks’ net profits reached a combined AED 21.9 billion
30 October 2017 06:39 PM UAE’s 14 listed banks’ profits rise 3% in 9M
By: Mahmoud Gamal Abu Dhabi – Mubasher: The financial results of 14 banks listed on the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX) showed 3% year-on-year increase in net profits in the first nine months of 2017. The …
Financial Results
Islamic banking adequacy ratio hovers over 17% according to the UAE Central Bank
23 October 2017 07:59 PM Islamic banks dominate 20% of UAE banking sector's assets
Abu Dhabi - Mubasher: Eight Islamic banks have accounted for approximately 20% of total assets in the Emirati banking sector, which comprises 23% of total domestic credit as of the end of August, according to the UAE Central Bank. "The growth of …
Sector Reports
U Capital expects DIB’s earnings to increase by 7% in fiscal year 2017
15 October 2017 10:55 AM DIB profits seen higher in FY17; U Capital recommends “Buy”
Dubai – Mubasher: Dubai Islamic Bank (DIB) is expected to register higher profits during fiscal year 2017, according to a recent report issued by U Capital. “The recent performance of the bank indicates better-than-expected growth rates,” U …
General News
DIB’s profits rose 10% over the first three quarters of 2017 to reach AED 3.3 billion
12 October 2017 07:06 PM MubasherTrade raises DIB’s PT to AED 8.7
Dubai – Mubasher: MubasherTrade Research on Thursday increased the price target (PT) of Dubai Islamic Bank’s (DIB) stock to AED 8.7 per share with a “buy” recommendation and moderate risk outlook. DIB’s stock last traded at AED 6.21 on the Dubai …
Financial Results
Meanwhile, the DFM’s main index increased by 0.36% or 13.77 points to 3,622.59 points
11 October 2017 00:54 PM DIB acquires large portion of DFM’s liquidity on 9M results
Dubai – Mubasher: Dubai Islamic Bank (DIB) led the Dubai Financial Market (DFM) in terms of liquidity on Wednesday after the bank released its financial data earlier the same day. By 12:18 pm UAE time, DIB’s stock rose 0.32% to AED 6.19, after 6.5 …
Trading Activities
Net operating revenue grew 13% to reach AED 5.681 billion between January and September
11 October 2017 11:53 AM DIB’s profits grow 10% in 9M
Dubai – Mubasher: Dubai Islamic Bank (DIB) on Wednesday announced a 10% year-on-year increase in group net profit to AED 3.301 billion in the first nine months of 2017 from AED 3.011 billion at the comparative period in 2016. Net operating revenue …
Financial Results
The rise in banks’ operations and loans will enhance the banking sector during Q3-17
2 October 2017 04:24 PM Oil price recovery, lending growth to boost UAE banks’ profits in Q3 – Analysis
By: Mahmoud Gamal Dubai – Mubasher: The UAE banks sector is expected to continue its growth during the third quarter of 2017, in line with the recovery in oil prices, which have neared $60 per barrel (pb), along with the increase in loans for …
News Analysis
Moody's also changed the outlook on the bank's long-term issuer ratings to stable from positive
25 August 2017 10:22 PM Moody's upgrades DIB ratings to A3; outlook stable
Dubai - Mubasher: Moody's Investors Service upgraded Dubai Islamic Bank’s (DIB) local and foreign currency long-term issuer ratings to A3 from Baa1 and, and changed the outlook on the bank's long-term issuer ratings to stable from positive. The …
Ratings
One of DIB's branches
19 July 2017 10:54 AM DIB stock up on higher-than-expected profits
By: Mahmoud Gamal Dubai – Mubasher: Dubai Islamic Bank’s (DIB) stock rose following the announcement of its first-half financials which bet expectations. The stock rose 0.34% to AED 5.87 by 11:40 am UAE time. The stocksaw trading of 2.84 million …
Financial Results
One of DIB's branches
19 July 2017 10:39 AM DIB posts higher profits in Q2
Dubai – Mubasher: Dubai Islamic Bank (DIB) saw a 10% growth in its profits year-on-year during the second quarter of 2017, according to a bourse statement. Net profits reached AED 1.10 billion ($299.4 million) in Q2-17, compared to AED 1 billion …
Financial Results
The bank's stock saw a turnover of AED 890 million in the first ten session this month
17 July 2017 00:02 AM DIB expected to see more gains in upcoming period - Analysis
By: Mahmoud Gamal Dubai - Mubasher: The stock of Dubai Islamic Bank (DIB) has been seeing noticeable gains since the beginning of July amid speculations of a rise in semiannual profits to near AED 2 billion. In the first ten sessions of the month, …
Financial Results