Browsing: Dubai Islamic Bank

Dubai Islamic Bank, the UAE’s largest Islamic bank, reported a total income of AED 23.34 billion ($6.36 billion) for 2024, marking a 15.9 per cent increase from AED 20.14 billion ($5.49 billion) in 2023. Pre-tax profit rose by 27 per cent to AED 9 billion ($2.45 billion), while net profit grew 16 per cent to AED 8.17 billion ($2.22 billion).

The strategic move strengthens its digital banking footprint. Dubai Islamic Bank (DIB), the UAE’s largest…

Crypto.com has signed a memorandum of understanding (MoU) with Dubai Islamic Bank (DIB) to strengthen its services across the UAE and the Gulf Cooperation Council (GCC) region. This alliance aims to enhance the cryptocurrency experience for its over 100 million global customers while integrating Islamic finance principles.

Dubai Islamic Bank (DIB) has successfully raised $500M through an additional tier 1 (AT1) sukuk, offering a 5.25 per cent annual profit rate.

The combined market capitalisation of the 20 largest companies listed on the UAE’s stock exchanges reached AED 2.8T this week. This figure is expected to rise further as part of plans to double the market’s overall value to AED 6T in the coming years.

In a recent announcement, Dubai Islamic Bank (DIB) revealed that it will defer loan installments…

Banks in the GCC region are showing a strong desire to expand their presence in major regional markets, particularly Turkey, Egypt, and India, according to Fitch Ratings on Tuesday. This is driven by improved economic conditions and growth opportunities in these target markets.

Dubai’s GEMS Education has secured a new financing arrangement tied to sustainability goals from a group of local lenders.

Dubai Islamic Bank (DIB) has announced several measures to compensate customers affected by recent account…

GEMS Education has successfully secured a substantial $3.25 billion sustainability-linked financing facility, marking a significant…