Dubai Islamic Bank (DIB)

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News

13 October 2016 06:31 AM Four UAE Islamic banks score high efficiency rankings

Dubai – Mubasher: Four UAE Islamic banks obtained top ranks in the top 15 most cost-efficient Islamic banks list, according to an annual report issued by the Dubai Islamic Economy Development Centre (DIEDC) on Wednesday. Dubai Islamic Bank (DIB) …

Companies Investments

27 July 2016 05:09 PM MubasherTrade maintains DIB PT

Dubai - Mubasher: Mubasher Trade Research maintained Buy/Moderate Risk rating for Dubai Islamic Bank's (DIB) stock, with the same Price Target (PT) of AED6.9/share, after the bank announced the financial results for the second quarter of 2016. DIB …

Stock Evaluations

27 July 2016 10:14 AM DIB stock rises on higher Q2 results

By: Mahmoud Gamal Dubai-Mubasher: Dubai Islamic Bank’s (DIB) stock saw a positive performance in Wednesday’s early trades. The bank’s stock rose 0.4% to AED 5.45 by 12:00pm UAE time, with a turnover of AED 12.11 million generated from the exchange …

Stock Evaluations

27 July 2016 09:30 AM DIB profits rise 5.6% in Q2

Dubai-Mubasher: Dubai Islamic Bank (DIB) posted a 5.6% rise in its first-quarter profits, according to a bourse statement. Profits reached AED 1.003 billion ($273 million) in Q2-16, compared to AED 950.31 million (258.68 million) in Q2-15. Return …

Financial Results

25 July 2016 04:59 PM DIB’s CAR higher than requirements – MubasherTrade Research

Mubasher: Dubai Islamic Bank's (DIB) net loans grew faster than the UAE banking industry loans, logging a 5-year CAGR (2010-2015) of 11% as compared to 6% for the entire industry, according to a recent report issued by MubasherTrade Research.  …

Stock Evaluations

24 July 2016 07:53 AM DIB to consider H1 financials 27 July

Dubai-Mubasher: Dubai Islamic Bank (DIB) will hold its board meeting on Wednesday, 27 July, to disclose the financial statements of the first half of 2016, according to a bourse statement issued on Sunday. DIB had achieved an increase of 17.7% in …

Event

26 June 2016 01:50 PM DIB rights issue 3 times oversubscribed

  Dubai – Mubasher: Dubai Islamic Bank (DIB) on Sunday said that its rights issue for a capital hike were over 3 times oversubscribed with AED 9 billion, according to a statement. Following the rights issue, DIB has successfully increased its …

Corporate Actions

20 June 2016 00:06 PM DFM sees AED 527m trading in rights issues

Dubai-Mubasher: Dubai Financial Market (DFM) recorded AED 527 million of trading in the rights issues of Ajman Bank, Dubai Parks and Resorts, and Dubai Islamic Bank (DIB) since the beginning of 2016. “The robust activity clearly indicates the …

Trading Activities

7 June 2016 08:27 AM DIB new shares' subscription to begin Tuesday

Dubai-Mubasher: Dubai Parks and Resorts will offer its 988.44 million new shares for subscription from Tuesday till 20 June, according to a bourse statement DIB aims to increase its capital by 25% from AED 3.954 billion to AED 4.942 billion. “The …

Event

29 May 2016 01:01 PM Trading of DIB’s rights issue to start 30 May

Dubai-Mubasher: The rights issue of Dubai Islamic Bank (DIB) will be tradable on Dubai bourse from 30 May till 13 June, according to a statement. The opening price of the rights issue was set at AED 1.98 based on the bank’s adjusted share price on …

Corporate Actions

2 May 2016 03:48 PM Sharjah Islamic Bank secures $265m murabaha loan

Mubasher: Four banks have pledged $265 million (AED 973.33 million) as a medium-term murabaha facility to Sharjah Islamic Bank, according to a bourse statement. ABC Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital Limited, and Noor Bank were …

Banking and Finance

27 April 2016 09:28 AM DIB posts growth in Q1 profits

Dubai-Mubasher: Dubai Islamic Bank (DIB) posted a 17.7% growth in its first-quarter profits, according to a bourse statement. Profits stood at AED 1.001 billion ($273 million) in the first quarter of 2016, compared to AED 850 million ($231 …

Financial Results

26 April 2016 10:06 AM Consortium seeks to acquire DIB subsidiary

Dubai-Mubasher: Dubai Islamic Bank (DIB) received a letter of intent from a consortium led by Bank Al Etihad for the acquisition of MESC Investment, according to a bourse statement. MESC owns 52% stake in Amman-listed Jordan Dubai Islamic Bank. …

Mergers and Acquisitions

24 April 2016 09:06 AM DIB to discuss Q1 results 27 April

Dubai – Mubasher: Dubai Islamic Bank (DIB) said Sunday that its board of directors will meet on 27 April to discuss the financial results of the first quarter of the fiscal year 2016. The bank earlier posted a net profit of AED 3.84 billion ($1.04 …

Event

17 April 2016 08:39 AM DIB lists new sukuk in Nasdaq

Dubai-Mubasher: Dubai Islamic Bank (DIB) listed its latest sukuk with a value of AED 1.84 billion ($500 million) on Nasdaq Dubai, according to a statement. The listing brings DIB’s total sukuk listings on the region’s international exchange to AED …

Sukuk and Islamic Finance

31 March 2016 10:54 AM DIB awards residential project deal to ECC

Dubai-Mubasher: Dubai Islamic Bank (DIB) awarded AED 687 million contract to Engineering Contracting Company (ECC) to construct the Badr Project Phase 1, according to the bank’s statement. Badr will be developed across five phases, the statement …

Companies Investments

21 March 2016 09:07 AM Bank ABC confirms participation in DIB's sukuk programme

Mubasher: Bahrain-listed Bank ABC, incorporated as Arab Banking Corporation, will take part in issuing dollar-denominated sukuk for Dubai Islamic Bank (DIB), according to a bourse filing. DIB mandated Bank ABC, DIB, Emirates Islamic Bank, HSBC, …

Sukuk and Islamic Finance

17 March 2016 02:24 PM DIB hires 6 banks to arrange dollar-denominated sukuk

Dubai – Mubasher: Dubai Islamic Bank (DIB) has appointed six banks to arrange meetings with fixed-income investors in London on 21 March for the issuance of possible dollar-denominated sukuk to boost its capital, Reuters reported citing banking …

Companies Investments

2 March 2016 08:27 AM DIB shareholders give nod to FY15 dividends

Dubai-Mubasher: Dubai Islamic Bank’s (DIB) shareholders approved 45% cash dividends or 45 fils per share for the fiscal year 2015,  a payout amounting to AED 1.776 billion ($483.535 million), according to a recent bourse statement. During their …

General Assembly

9 February 2016 00:16 PM KFH-Turkey mandates 6 arrangers to issue $350m sukuk

Kuwait-Mubasher: Kuveyt Türk, the arm of Kuwait Finance House (KFH) in Turkey has issued sukuk worth $350 million, according to a statement. KFH noted that the sukuk issuance has duration of 10 years, with a return worth 7.9%. The sukuk will be …

Banking and Finance

8 February 2016 02:38 PM DIB shareholders to discuss cash dividends, capital hike 1 March

Dubai-Mubasher: Dubai Islamic Bank (DIB) will hold a general meeting on 1 March, to review FY15 financial statements. Shareholders will also discuss cash dividends at 45% of capital, or 45 fils a share, totalling AED 1.7 billion for 2015. In …

Corporate Actions

27 January 2016 10:36 AM DIB stock tops gainers on FY15 financials

Dubai-Mubasher: Dubai Islamic Bank’s (DIB) stock was the best performer in Wednesday’s mid-session, backed by its positive financials and dividends for the fiscal year 2015. The stock reached AED 5.52 by 12:30pm UAE time after rising 5.14%, …

Trading Activities

27 January 2016 09:59 AM DIB board proposes 45% dividends

Dubai-Mubasher: Dubai Islamic Bank (DIB) said that its board recommended a 45% cash dividend or 45 fils per share for the fiscal year 2015, according to a bourse filing on Wednesday. The board met Wednesday to approve the financial statements for …

Corporate Actions

27 January 2016 09:51 AM DIB profits grow 37% in FY15

Dubai-Mubasher: Dubai Islamic Bank (DIB) reported a 37% growth in net profits to AED 3.84 billion ($1.04 billion) in the fiscal year 2015, compared to AED 2.80 billion ($763 million) in the fiscal year 2014, according to a bourse filing on …

Financial Results

23 November 2015 09:36 AM Emirates Global Aluminium seeks $4.9bn loan

Abu Dhabi-Mubasher: Emirates Global Aluminium (EGA) is seeking to get $4.9 billion loan for duration of seven years, according to a EGA’s statment. EGA, which is owned equally by Mubadala Development Company, mandated BNP Paribas, Citibank, Dubai …

Banking and Finance