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Banking & Finance

Moro Hub collaborates with Dubai Islamic Bank to deliver secure colocation and advanced cybersecurity services

MEA Finance - 0
Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority, signed a Memorandum of Understanding with Dubai Islamic...
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Banking & Finance

Dubai Islamic Bank successfully issues additional Tier 1 Sukuk

MEA Finance - 0
Dubai Islamic Bank successfully issued a USD 500 million Additional Tier 1 Sukuk with a profit rate of 5.25% per annum. The Basel III-compliant...
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Banking & Finance

Dubai Islamic Bank posts AED 3.4 billion in half-year net profit

MEA Finance - 0
The bank’s total income soared by 21.3% YoY to AED 11.3 billion, showcasing its ability to drive substantial revenue growth
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Banking & Finance

Dubai Islamic Bank leads $3.25 billion financing transaction for GEMS Education

MEA Finance - 0
Dubai Islamic Bank (DIB) announces that it played a pivotal role in spearheading a landmark USD 3.25 billion financing facility for GEMS Education, the...
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Banking & Finance

Dubai Islamic Bank pledges AED 11 million to support ‘Dubai Schools’ project

MEA Finance - 0
The initiative aligns with Dubai’s vision of delivering outstanding education and establishing advanced schools in line with global benchmarks
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Banking & Finance

Dubai Islamic Bank Announces Group Financial Results for First Quarter of 2024

MEA Finance - 0
Dubai Islamic Bank announced its results for the period ending March 31, 2024. Q1 2024 Highlights: Net Profit (Pre-Tax) registered AED 1,850 million up 22%...
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Editors pick

Dubai Islamic Bank shareholders approve 45% dividend for 2023

MEA Finance - 0
Dubai Islamic Bank (DIB), the UAE's largest Islamic bank, has successfully concluded its Annual General Assembly (AGM) with the approval of the bank’s 2023...
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Banking & Finance

Dubai Islamic Bank successfully prices USD 1 billion Sustainable Sukuk

MEA Finance - 0
Dubai Islamic Bank successfully priced its third Sustainable Sukuk – a landmark USD 1 billion 5-year senior issue with a profit rate of 5.243%...
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Banking & Finance

DIB announces 2023 financial results with rise in total income of 43% YoY to AED 20 billion.

MEA Finance - 0
Dubai Islamic Bank  announces its results for the period ending December 31, 2023. FY 2023 Highlights: Group Net Profit came in at AED 7,010 million,...
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Banking & Finance

Dubai Islamic Bank unveils sustainable home finance ‘Nest’

MEA Finance - 0
The sustainable home finance’s benefits include discounts on home finance rates, discounts on due diligence and documentation fees
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