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Thursday, 09 May 2024 01:54 UAE time

YOUR DIRECTORY /

Dubai Islamic Bank - UAE

Main Category: Asset Management
First Address : 1080
Second Address : Dubai Islamic Bank Building, Port Saeed
City : Dubai
Country : United Arab Emirates
Phone: 971 4 2953000
Fax: 971 4 2954111
Email: contactus@dib.ae
Website: www.dib.ae


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ALL STORIES LIST


Dubai Islamic Bank Q2 profit falls 33%

Dubai's third-largest bank by market value, makes $82m profit in three months to June 30.

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Gulf states may have single Shariah council for banks

Board may help to standardise the industry and increase services available to Muslims.

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Dubai Islamic Bank may raise Tamweel stake

DIB said that it is 'currently evaluating the possibilities' of increasing its stake.

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Jordan Dubai Islamic Bank makes debut on Amman bourse

Newly branded bank's shares closed at $3, 11% lower than its forerunner's last close.

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DIB sees 11% rise in UAE customers in 2010

Dubai Islamic Bank eyes 1m customers, plans 10 new branches by 2010 end.

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Dubai Islamic Bank approves deposit conversion

General meeting approves the tier 2 wakala agreement with finance ministry.

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Dubai Islamic Bank Q1 down 46% as provisions weigh

Bank made a net profit of $54.4m in Q1, sharply missing analysts predictions.

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Dubai repays $229m civil aviation debt

Move to reaffirm Dubai government's commitment to honour all its financial obligations.

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DIB agrees financing deal worth $215m for Kharafi National

Dubai Islamic Bank to cover financing requirements for Habshan 5 Plant.

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Dubai Islamic full-year net falls as impairments rise

'Decline is primarily due to the conservative and prudent approach adopted by the bank.'

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DIB delays board meet to discuss financing deal

UAE finance ministry has agreed to grant the Dubai Islamic Bank with wakala capital.

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Investors cautious as dividends push ME markets up

Speculators trying to push up share prices ahead of foreign investors coming in.

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DIB signs fund deal with UAE finance ministry

Deal will allow bank to provide sharia compliant financing or products.

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DIB launches Jordan operation

Operation branded Jordan Dubai Islamic Bank, with branch in Amman first of 10 planned.

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Going for broke

The debt woes of Dubai property conglomerate Nakheel could prompt an overhaul of bankruptcy laws in the wider Gulf.

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Dubai Islamic Bank in Pakistan expansion

Bank plans to open 10 more branches in country after posting 207% rise in profit.

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Double digit growth for Islamic banking assets in 2009

New survey reveals 28.6% growth for Shariah compliant banks amid downturn.

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Dubai Islamic Bank Q3 net profit falls 31%

Results much worse than forecast, as lender books higher provisions for bad loans exposure.

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Dubai's Rasmala eyes $133m Saudi property fund

Islamic fund set to tap mid-income housing developments around Riyadh.

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Deyaar trial delayed as witness fails to show

Charges against ex-chairman, ex-CEO of Dubai developer include embezzlement.

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Anti-corruption drive reveals $950m stolen

Official documents reveal extent of campaign to tackle corruption.

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Moody's places ratings of 4 Dubai banks on review

Possible downgrade reflects challenges posed by stressed UAE property market.

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Dubai to free 3 ex-Tamweel property execs on bail

Detentions were part of a series of high-level arrests as gov't aims to root out corruption.

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Dubai market posts biggest 1-day gain since Feb

Stocks boosted by rising oil prices and better-than-expected corporate earnings.

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Dubai Islamic Bank Q2 net profit falls 40%, beats forecasts

Dubai Islamic Bank posts a net profit of AED450m($122.5m) in the second quarter.

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S&P downgrades 4 Dubai banks

Agency says actions taken due to difficult financing environment and expected asset quality deterioration.

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Dubai Islamic Bank to begin Jordan operation

Bank awarded preliminary banking licence by Central Bank of Jordan.

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Air Arabia-DIB launch online ticket payment service

Service will enable Sharjah-based budget carrier’s customers to buy tickets from home.

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Nasser al-Shaikh quits two more jobs

EXCLUSIVE: Former Dubai finance chief steps down from roles including National Bonds, Taaleem.

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Former Dubai finance chief resigns from DIB

Nasser al-Shaikh steps down from Dubai Islamic Bank, a day after leaving Deyaar.

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Dubai Islamic Bank buys back trust certificates

Purchase by DIB part of tender offer to retire $200m of outstanding sukuk certifcates.

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Dubai Islamic Bank's Q1 profits plunge 33%

UAE’s biggest bank complying with Islamic financial law says profits low on provisions for bad loans.

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Dubai Islamic Bank gets approval for capital increase

EGM confirms $1.2bn increase to fund expansion and protect lending position.

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Crisis looms for Islamic banks amid property downturn

Islamic banker warns of 'real threat' to industry if liquidity does not return by Q3.

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Bank Islam plans to raise $149.5m via share sale

Dubai Islamic Investment Group, with 40% bank stake will get preference.

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DEWA confirms refinancing of $2.2bn loan

Total of 18 international, regional and local banks are involved in the refinancing deal.

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DIB AGM approves dividend payout

Dubai Islamic Bank announces dividend and bonus shares payout and outlines financial stength.

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Dubai Islamic Bank considering raising fresh capital

Bank also examining converting emergency government deposits into regulatory capital.

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Seven charged in bank fraud case

Dubai Islamic Bank defrauded out of $501m, say documents at the Public Prosecutor's office.

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Dubai Islamic Bank targets growth amid global crunch

Bank chiefs eye 15% increase in customer base, 10 new UAE branches by year-end.

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Dubai Islamic Bank posts $471m profit for 2008

Chairman says bank has 'strong' liquidity position, and total assets of AED84bn.

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Dubai Islamic bank plans expansion across UAE

The bank will open 10 new branches, plus Express Banking centres in malls.

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DIB moves to improve corporate governance

Islamic bank inks a founding member sponsorship deal with Hawkamah Institute.

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Most Gulf bourses end lower; Emaar plunges over 9%

UPDATE 7: Property giant’s stock dips after HSBC cut developer's price target.

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Consumer pain as banks tighten lending rules

Two of Dubai's largest lenders raise minimum salary required to get personal loan.

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Moody's downgrades outlooks for UAE banks

Investors services agency takes action amid mounting liquidity pressures in economy.

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Bank introduces online Salik payments system

Dubai Islamic Bank offers new service to customers after agreement with RTA.

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Dubai Islamic Bank profit climbs 10.4%

UAE's biggest Islamic lender sees net income in Q3 rise to $117.1mn, missing two analysts' forecasts.

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Bank boss casts doubt on viability of mega projects

Head of Dubai Islamic Bank says ambitious plans may be forced onto back burner.

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Mixed fortunes for Gulf exchanges

UPDATE 5: UAE markets finish higher, but Sabic drags Saudi bourse down after posting Q3 results.

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Former Dubai Islamic Bank head arrested

Deyaar corruption probe continues with arrest of Saad Abdul Razak.

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Dubai Islamic Bank appoints chief executive

Abdulla Al-Hamli, also member of the board of directors of Deyaar, now DIB chief.

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Global concerns weigh heavy on Gulf markets

Another bad day for real estate giant Emaar, Kuwait only bourse showing positive.

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Investors in repossessed Dubai project safe

Investors in Plantation Project equestrian development will be compensated - report.

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Real estate woes leave Gulf shares down

Fatigue selling sets in as Oman index loses another 5% in 30% fall since June 12.

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Dubai Islamic Bank shares suspension lifted

UPDATE 2: Shares fall as investors wait to see how foreclosure will impact bank.

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Negative day for Gulf exchanges

Falling oil prices plays part in disappointing day for the region's share traders.

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DIB set to buy majority stake in Jordan bank

UPDATE 1: Dubai Islamic Banks makes move through venture with DIC.

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Dubai Islamic Bank fights money laundering

New anti-money laundering system implemented across the bank's operations in UAE and Pakistan

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Islamic bank's new war on money laundering

Dubai Islamic Bank signs deal to install new software across UAE, Pakistan operations.

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Iran invites bids for 3rd mobile operator

Dubai's Millennium Finance Corporation named as consultant to tender, says official report.

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DIB and Nakheel move JV forward

AED 2 billion real estate firm unveils first project.

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Dubai's zero tolerance pledge on corruption

UPDATE 1: Emirate's public prosecutor promises strict and prompt action against offenders.

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DIB enjoys big jump in profits

Bank also deploys new software to help boost service.

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Dubai Islamic Bank rolls out Oracle core banking

Oracle Flexcube to provide full suite of core banking solutions, including Islamic finance, to DIB

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Dubai Islamic tops forecasts with 60% profit jump

Bank sees Q2 income hit $203.5mn, demand for lending surges on economic growth.

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Dubai developer Deyaar Q2 up 184%

Dubai Islamic Bank affiliate posts $67mn profit on back of sales and international expansion.

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Dubai Islamic's sharia consultancy to expand abroad

Unit to target UAE first then expanding markets in Pakistan and the UK in 2009.

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Dubai Islamic, Global fund eyes three deals by Q3

Fund to do deals with Turkish, Indian financial services firms and Gulf retailer.

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$500mn Islamic buyout fund set up

Dubai Islamic and Kuwait's Global Investment House establish sharia compliant fund.

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Bank probe sparks calls for compliance

Better bank compliance, transparency urged in wake of investigation into irregularities at Dubai Islamic.

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Nakheel, Dubai Islamic in $544mn property venture

New firm, Tashyed, to target UAE's real estate market, set to begin 2 projects.

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Senior JP Morgan exec detained in DIB probe

Omair Mooraj second former Dubai Islamic employee caught up in fraud investigation.

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Dubai Islamic says financials unaffected by corruption probe

Statement comes after reports former VP and six others under investigation.

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Former Dubai Islamic Bank exec detained

Ex-vice president of UAE's largest Islamic lender questioned in fraud probe.

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Deyaar to beat 'expectations' - chairman

Developer will defy profit forecasts, despite police investigation, Al-Shaikh says.

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Dubai Islamic Bank downgraded by Merrill

Dubai Islamic Bank hit by the police investigation into its property affiliate Deyaar.

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Rich pickings

More banks are creating best-of-breed offerings to cater for ultra high net worth clients.

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Increased lending boosts Dubai Islamic profit

Bank sees Q1 profit rises 31% to $151.4mn, helped by lending to UAE's realty sector.

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Third arrest in Deyaar probe

Lebanese national becomes third person arrested over alleged financial irregularities at Deyaar.

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Bahrain's United Gulf buys into Dubai Islamic unit

Lender agrees undisclosed stake in Millennium Finance to help it expand.

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DIB and Dodsal Engineering & Construction in AED 577 million agreement

Agreement to finance Dodsal's new pipeline replacement project awarded by GASCO.

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Dewa loan syndication closed

State-owned utility shuts syndication of $2bn one-year Islamic loan, banking source says.

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Gulf markets rebound

Stocks across region push markets to higher close, bar Saudi which drops for fifth time in six days.

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Kuwait, Abu Dhabi and Qatar best markets to invest

And banks and telecom companies the most attractive industries, Morgan Stanley says.

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Gulf Islamic bank assets to hit $300bn

Twenty-two Islamic banks set to grow stronger over decade, says investment bank Morgan Stanley.

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Women & wealth

There is huge demand for women's only banking services across the Middle East prompting several banks in the region to launch female only products. Dubai Islamic Bank has gone one step further by opening five official women only branches and launching a women's credit card and auto finance as part of its Johara service. Rana Hindawi, product development manager at Johara, tells Holly Sands more about the service.

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Emaar earnings to drop

EFG-Hermes report forecasts bleak Q4 for Dubai developer, Union Properties and Dubai Islamic Bank.

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Ladies only card launch

Dubai Islamic Bank's ladies banking division Johara has launched two new products; the Johara Al Islami credit card and an auto finance service exclusively for women.

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Dubai Islamic Bank in National Bonds tie-up

Dubai Islamic Bank has joined forces with the emirate's ‘National Bonds' savings scheme, to make it available in all DIB's 45 outlets.

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DIB makes smallest quarterly profit in a year

Dubai Islamic Bank sees Q3 net income rise 25.2% to $106.2mn, missing forecasts.

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Dubai Islamic loses CEO

After losing two senior staff last month, DIB CEO Saad Abdul Razak to step down to take gov't job.

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Gulf firms raise $4.8bn in IPOs

Figures reflect growing capital base and confidence in regional markets, according to Ernst & Young.

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Girl power

An increasingly wealthy female population has led the region's banks to launch a raft of "women only" services.

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Hitting the headlines

New Escrow law aims to sustain Dubai's property boom, take financial risk out of buying off-plan property.

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Escrow account law unnecessary, says Hiranandani

The managing director of Hircon International, Darshan Hiranandani has criticised the newly introduced escrow account law, describing it as an unnecessary extra cost.

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Escrow accounts launch in Dubai

Three leading banks have launched escrow accounts following amendments in Dubai's property law in a bid to increase transparency levels within the emirate's real estate sector.

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The rise of the super-rich

Arabian Business talks to a regional private banker with a personal approach to dealing with his increasingly demanding clients.

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Land Department defends escrow accounts

The Dubai Land Department has defended escrow accounts amid rumours of "grey areas" for developers registered as offshore.

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Dubai Islamic plans UAE expansion

The Islamic lender opens two Dubai branches as part of plans to boost UAE network.

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Banks get on escrow bandwagon

Three leading banks launch escrow accounts following amendments to Dubai's property law.

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DIB profits almost triple in Q2

Dubai Islamic Bank profits soar 190% year-on-year to $294mn as it books gains from property unit IPO.

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DIB launches escrow trust account service

Dubai Islamic Bank has launched the region's first escrow 'trust' account service for real estate developers.

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Candidates for consolidation

The region's banking sector is facing up to the biggest shake-up it has ever witnessed during its tender 50-year history.

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DIFC, DIB launch Sharia trust services

Waqf Trust Services will offer family wealth protection and succession planning advice according to sharia principles.

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Freehold Jumeirah: developers continue to push the boundaries in Dubai

One of Dubai's smartest residential areas is about to witness the construction of its first freehold estate. Christopher Sell goes on site at Acacia Avenues in Jumeirah to witness the lengths developers have to go to in Dubai to retain the publics' interest.

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DIB considering Islamic bond sale

Dubai Islamic Bank is looking at selling a convertible bond that complies with Islam's ban on interest.

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DP World exceeds $3bn in bond issue

DP World has again broken the mould in pursuit of its global ambitions and become the first UAE company to issue a sukuk in the US market.

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DP World bonds to raise $3bn

The Dubai port operator has narrowed the price guidance on its 10-year Islamic bond.

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Over the hedge

A controversial Sharia-compliant fund has caused concern among some Islamic scholars. Arabian Business studies the hedge fund conundrum.

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Hedge fund market opens to Islamic investors

DIB teams with Deutsche Bank and Goldman Sachs to provide Sharia compliant access to hedge funds.

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Marketing the market

Arabian Business reports on why last week's investor conference in London could be just the beginning of the DFM's global drive for institutional investors.

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Dubai Islamic Bank has Scope for development

Scope Information Systems, a leading Dubai based systems integrator and Dubai Islamic Bank (DIB) launched the first phase of a two-phase project to integrate the bank's internal communications, business process management (BPM) and workflow automation onto one easy-to-use platform.

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Competing or complementary?

As Islamic financial instruments develop, they need to decide what they want to be when they grow up.

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Letter of the law

How new sukuk structures can balance commercial imperatives with the demands of Shariah compliance.

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DIB installs intranet system

Dubai Islamic Bank has completed the first phase of its systems integration project.

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DIB expects $16bn in sukuk sales

Dubai Islamic Bank expects an 80% increase in its Islamic bond management business.

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Aldar seeks $2.1b beach project loan

The UAE developer is seeking a syndicated loan to finance its Al Raha project.

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Jordan signs deals totalling $2.5bn

WEF special: projects in areas such as transport, energy and finance aim to boost the economy.

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Deyaar IPO up to 10 times oversubscribed

Property firm claims that $866m offering has attracted at least five times that amount.

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Emaar to enveil new tower

The first of two Boulevard Plaza towers in the Burj Dubai district is set to launch this Sunday.

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Dubai Islamic launches Deyaar IPO

Dubai Islamic to sell 55% stake in property arm in UAE’s biggest IPO.

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Deyaar eyes Asia expansion

Firm will increase the value of UAE projects five times by 2009 following next week's IPO.

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DIB complements risk management

Dubai Islamic Bank (DIB) has deployed a solution from financial software vendor Check Free that confirms the validity of day-to-day transactions.

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DIB gets approval for Syria branch

Dubai Islamic Bank plans to more than double its network by mid-2008.

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UAE set to see launch of its largest IPO

New projects and mounting assets for Deyaar are pushing the Dubai-based real estate company fast up the property ladder.

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Dubai Islamic banks big profits

The bank's $115m first-quarter profits are up 28% on last year; total income rose 38%.

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$866m IPO planned for Deyaar

Gulf's biggest public offering in 15 months will be open to Arab nationals only.

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DIB complements risk management

Dubai Islamic Bank (DIB) has deployed a solution from financial software vendor Check Free that confirms the validity of day-to-day transactions.

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Gulf market report - 9 April 2007

The DFM's winning streak was cut short today as the market closed at a loss.

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Dubai Islamic Bank denies bidding for Egypt's NBD

The bank has said a report in UAE daily al-Bayan is 'totally untrue'.

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DIB funds to raise $800m by April

Dubai Islamic Bank is on track for the first $800m of a $5bn group of private equity.

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Cleaning bills

As the UAE launches a money laundering investigation, we look at how technology can play in a part in stopping this illegal activity.

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Finance package signed for Dubai Logistics City

DIB teams up with Kharafi Group for Dubai World Central contract finance package.

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Deyaar to launch IPO

Deyaar, a subsidiary of Dubai Islamic Bank, has announced plans for an Initial Public Offering (IPO) during the first half of 2007.

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Nucleus to supply DIB with finnone module

Dubai Islamic Bank (DIB) is aiming to speed up consumer loan processing by deploying a specialised banking solution from Nucleus Software.

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Deyaar to become a public firm

Dubai Islamic Bank is to make its property unit a public joint stock company.

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DIB kicks off Islamic bond roadshow

Dubai Islamic Bank is selling its first-ever U.S. dollar-denominated Islamic bond.

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DIB picks debut sukuk managers

Standard Chartered is among those who will manage the Dubai Islamic Bank's inaugural U.S. dollar sukuk.

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Deyaar climbs near to 200%

Dubai Islamic Bank's real estate arm, Deyaar, has announced its financial results for 2006

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Growth potential

There are growing opportunities for private equity investors as regional businesses realise the advantages of external funding and demand for infrastructure projects increases

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DIB receives high grades

Dubai Islamic awarded A1 rating for foreign currency

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Islamic banking gets a boost with Alnoor Bank

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Autofinance: Clear cut deal?

The UAE’s “auto ownership mania” has made the country a prime international market for carmakers – a business opportunity which has not escaped the local retail bankers. With a plethora of auto financing packages currently available in the marketplace, are car buyers getting a good deal?

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UAE stocks up as Dubai investors build overseas

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Investors fear new falls as stocks slide

Alexandra Dubsky

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Stock markets continue to creak

Dubai dips below 400 and KSA goes under the 9000 mark. Why is it happening and how long will it last?

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Dubai Islamic boosts profits

Net profit for first nine months up 26% year on year

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Consumer choice

The choice of Islamic financial products is becoming larger and larger. Now, more and more investors are looking to Islamic vehicles in order to plan for their future. ABF looks at the array of Islamic personal investment products on offer

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DIB opens in Abu Dhabi

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DIB honours students

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DIB closes shipping fund

Fund invests in shipping assets via Musharaka model

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DIB invests in Himalaya boxes

Dubai Islamic Bank has announced a multi-million dirham deal to revamp its systems.

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