Islamic Finance

Emirates Islamic supports UAE businesses with global digital banking platform – ‘businessONLINE’

Emirates Islamic has launched “businessONLINE” a digital business banking platform, to help businesses in the UAE manage all their banking needs on a single...

Dubai Islamic Bank rings market-opening bell to celebrate listing a USD one billion AT1 Sukuk on Nasdaq Dubai

Dubai Islamic Bank (DIB) rang the market-opening bell today to celebrate the listing of a one billion US dollar Sukuk on Nasdaq Dubai. The Sukuk...

Aman Board of Directors agrees new three-year growth plan following strong Q3 2020 performance

Dubai Islamic Insurance & Reinsurance Company PJSC (Aman) announces that its Board of Directors agreed a new three-year growth plan at its ordinary meeting...

ADIB provides AED 91 million financing for UAE-based client to acquire UK Business Park

Abu Dhabi Islamic Bank (ADIB) has provided AED 91 million (£18.9 million) in Sharia’a-compliant structured financing for a private UAE-based client. The financing will...

Dubai Islamic Bank successfully closes the lowest ever yielding AT1 Sukuk

Dubai Islamic Bank successfully priced a USD 1 billion Perpetual Non-Call 5.5yrs Additional Tier 1 Sukuk with a profit rate of 4.625% per annum. This...

ADIB launches UAE’s first Emirati chatbot: ADIB Chat Banking

Abu Dhabi Islamic Bank (ADIB) announced that it has launched ADIB Chat Banking, the UAE’s first Emirati customer care chatbot. The service is equipped...

Nasdaq Dubai welcomes listing of USD 600 million Sukuk by Islamic Corporation for the Development of the Private Sector

Nasdaq Dubai has welcomed the listing of a UDS 600 million Sukuk by the Islamic Corporation for the Development of the Private Sector (ICD),...

UAE national wins AED 1 million cash prize with Emirates Islamic’s Kunooz savings account

Emirates Islamic announced the lucky winners of its Kunooz Savings Account draw for September 2020. UAE national, Amal Dasmal won the AED 1 million cash...

Emirates Islamic partners with Mastercard to enhance Corporate Banking proposition with corporate credit card offering

Emirates Islamic has entered into a long term strategic partnership with Mastercard to offer credit cards to the Bank’s corporate banking clients, helping them...

SHUAA launches three Sharia-compliant funds in ADGM and secures USD 75 million of commitments

SHUAA Capital has launched three Sharia compliant funds and already secured USD 75 million of commitments. The SHUAA High Yield Sukuk Fund, Nujoom Aggressive Fund...

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