Dubai Islamic Bank (DIB)

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News

27 January 2016 08:51 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 08:36 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

17 November 2015 02:56 PM DIB to open new branch in Kenya before end-2015

By: Amr Adel Dubai-Mubasher: Dubai Islamic Bank (DIB) is expected to open a new branch in Kenya before the end of this year, said DIB Chief Executive Adnan Chilwan. On the sidelines of the Africa Global Business Forum in Dubai, he added that this …

Companies Investments

1 November 2015 07:29 AM DIB confirms $240 financing deal with Metito

Dubai-Mubasher: Dubai Islamic Bank (DIB) affirmed the news that it signed with the Dubai-based Metito an Islamic financing agreement worth AED 240 million, according to a bourse filing to Dubai Financial Market (DFM) on Sunday. Metito before …

Sukuk and Islamic Finance

28 October 2015 09:24 AM DIB stock rises 0.33% on 9M financials

Dubai- Mubasher: Dubai Islamic Bank’s stock gained 0.33% to AED 6.50 by 12:15pm UAE time, following the bank’s announcement that it posted a 36% profit leap in the first nine months of 2015 to AED 2.8 billion ($762 million), compared to AED 2.06 …

Trading Activities

28 October 2015 08:28 AM DIB profits surge to AED 2.8bn in 9M

Dubai-Mubasher: Dubai Islamic Bank (DIB) posted a 36% profit leap in the first nine months of 2015 to AED 2.8 billion ($762 million), compared to AED 2.06 billion ($561 million) in the same period a year ago. Financials showed a 38.4% jump in …

Financial Results

5 October 2015 06:46 AM UP delays shareholder meeting on lack of quorum

Dubai – Mubasher: Union Properties (UP) said its ordinary general meeting (OGM) slated for Sunday has been postponed till 11 October due to an incomplete quorum. Shareholders were scheduled to meet in order to discuss the company’s entrance into a …

Management Decisions

4 October 2015 10:10 AM DIB rises on approval to up stake in Panin

  Dubai – Mubasher: Shares of Dubai Islamic Bank (DIB) rose on Sunday after the Islamic bank received an official approval from the Financial Services Authority in Indonesia (OJK) to increase its shareholding in Bank Panin Syariah as part of the …

Trading Activities

4 October 2015 07:04 AM Union Properties’ OGM to discuss DIB refinance deal today

  Dubai – Mubasher: Shareholders of Union Properties (UP) are scheduled to meet today, Sunday, to discuss the company’s entrance into a refinancing Shariah-compliant seven-year contract worth AED 360 million with Dubai Islamic Bank (DIB) for the …

Event

3 October 2015 11:33 AM DIB cleared to boost equity in Indonesia bank

Dubai – Mubasher: Dubai Islamic Bank PJSC (DIB) said that it has received the approval of Indonesia’s financial services authority to increase its shareholding in Bank Panin Syariah as part of the overall investment strategy in Indonesia. The …

Companies Investments

14 September 2015 06:50 AM UP to discuss Islamic finance details 4 October

  Dubai – Mubasher: Union Properties (UP) said its shareholders will convene on Sunday, 4 October, to discuss entering into Shariah-compliant financing arrangements worth AED 360 million with Dubai Islamic Bank (DIB) related to the company’s …

General Assembly

6 September 2015 11:01 AM DIB's Pakistan arm eyes Karachi IPO in 2016

Dubai – Mubasher: Dubai Islamic Bank Pakistan (DIBPK), a wholly owned subsidiary of the UAE’s Dubai Islamic Bank (DIB), is planning to list 25% of its stocks on the Karachi Stock Exchange in the first quarter of 2016, the bank’s CEO Junaid Ahmed …

Initial Public Offerings

20 August 2015 04:40 PM Union Properties approves unit guarantee to DIB

Dubai-Mubasher: Union Properties (UP) said the board gave the go-ahead for the guarantee given by the company on 2 August to Dubai Islamic Bank (DIB) regarding the Murabaha facility arrangement of its subsidairy Properties Investment. The board …

Sukuk and Islamic Finance

29 July 2015 08:09 AM DIB profits leap to AED 1.8bn in H1

  Dubai – Mubasher: Dubai Islamic Bank (DIB) reported a 35% surge in its net profits for the first half of 2015 to AED 1.801 billion, a rise from AED 1.337 billion in the same period in 2014, the bank said in a filing to the Dubai Financial Market …

Financial Results

29 July 2015 07:39 AM Several UAE firms to disclose financials Wednesday

  UAE – Mubasher: Several companies are scheduled to announce their financials for the first half of 2015 in their respective markets, whether the Abu Dhabi Securities Exchange (ADX) or Dubai Financial Market (DFM). The most important of these …

Company News

23 June 2015 07:30 AM DIB arranges $300m Murabaha for ICD

  Dubai – Mubasher: Dubai Islamic Bank (DIB) said is acting as lead bookrunner for a 13-month Islamic Murabaha financing deal worth $300 million (AED 1.1 billion) for the Islamic Corporation for the Development of the Private Sector (ICD). The …

Company News

17 June 2015 00:53 PM ENOC secures $1.5bn loan for expansion plan

Dubai - Mubasher: Emirates National Oil Company (ENOC) has announced securing a $1.5 billion term-debt syndicated facility from local, regional and international banks.This nine-year USD and AED financing facility was fully underwritten by …

Company News

16 June 2015 07:13 AM Global Investment expects price rise for DIB, Tabreed

 Dubai – Mubasher: Global Investment House said it in its most recent report that it is optimistic about the performance of Dubai-listed National Central Cooling Co. (Tabreed) and Dubai Islamic Bank (DIB).DIB is expected to reach Global’s …

Stock Evaluations

8 June 2015 10:24 AM Renaissance Capital recommends ‘buy’ for 3 UAE banks

 Abu Dhabi – Mubasher: Research firm Renaissance Capital said it set the fair value (FV) for three UAE banks, namely: First Gulf Bank (FGB), Dubai Islamic Bank (DIB), and the National Bank of Ras Al Khaimah (RAK Bank) at AED 17.7, AED 9.5, …

Research

7 June 2015 09:27 AM DIB completes $750m sukuk pricing

Dubai - Mubasher: Dubai Islamic Bank (DIB) said it has successfully priced a $750 million sukuk issuance set to mature on 3 June 2020.“The issuance from DIB’s $2.5 billion sukuk programme carries a profit rate of 2.921%, reflecting the strong …

Bonds

19 May 2015 07:14 AM Fitch rates DIB sukuk at ‘A(EXP)’

 Dubai – Mubasher: Fitch Ratings has assigned Dubai Islamic Bank’s (DIB) planned sukuk issuance an expected senior unsecured rating of 'A(EXP)'.The sukuk will be issued under DIB Sukuk's trust certificate issuance programme, Fitch said, …

Sukuk and Islamic Finance

10 May 2015 07:32 AM Dubai banks’ profits leap 42% on Emirates NBD in Q1

By: Thabet ShehataDubai – Mubasher: UAE banks listed on the Dubai Financial Market (DFM) achieved a combined net profit growth of 42.2% in the first quarter of 2015, reaching AED 3.8 billion ($1.03 billion) compared to AED 2.68 billion ($730 …

Financial Results

15 April 2015 09:10 AM DIB rises to 5-month high on profit leap

By: Bedour El-RaieDubai – Mubasher: Dubai Islamic Bank (DIB) surged 6.68% after an hour and half of trading on the Dubai Financial Market (DFM) on Wednesday, reaching its highest level since 29 December. This follows the bank’s announcement …

Trade

15 April 2015 07:28 AM DIB profits leap 34% in Q1

 Dubai – Mubasher: Dubai Islamic Bank (DIB) reported its financials for the first quarter of 2015 and said it achieved a net profit growth of 34%, reaching AED 850.4 million ($231.5 million) compared to AED 636.6 million ($173.3 million) in …

Company News

9 April 2015 07:02 AM DIB to announce Q1 financials mid-April

 Dubai – Mubasher: Dubai Islamic Bank (DIB) announced that its board of directors will meet on 15 April to discuss the bank’s financials for the first quarter of the year.DIB reported a 63% profit surge in 2014 to AED 2.8 billion compared to …

Event