Dubai Islamic Bank - UAE

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Recent Articles

• Double digit growth for Islamic banking assets in 20095 November 2009

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

• Dubai Islamic Bank Q3 net profit falls 31%24 October 2009

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

• Dubai's Rasmala eyes $133m Saudi property fund5 October 2009

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

• Deyaar trial delayed as witness fails to show8 September 2009

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

• Anti-corruption drive reveals $950m stolen19 August 2009

  Official documents reveal extent of campaign to tackle corruption.

• Moody's places ratings of 4 Dubai banks on review 10 August 2009

  Possible downgrade reflects challenges posed by stressed UAE property market.

• Dubai to free 3 ex-Tamweel property execs on bail29 July 2009

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

• Dubai market posts biggest 1-day gain since Feb26 July 2009

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

• Dubai Islamic Bank Q2 net profit falls 40%, beats forecasts25 July 2009

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

• S&P downgrades 4 Dubai banks7 July 2009

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

• Dubai Islamic Bank to begin Jordan operation6 July 2009

  Bank awarded preliminary banking licence by Central Bank of Jordan.

• Air Arabia-DIB launch online ticket payment service 4 July 2009

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

• Nasser al-Shaikh quits two more jobs22 June 2009

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

• Former Dubai finance chief resigns from DIB22 June 2009

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

• Dubai Islamic Bank buys back trust certificates3 June 2009

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

• Dubai Islamic Bank's Q1 profits plunge 33%28 April 2009

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

• Dubai Islamic Bank gets approval for capital increase 27 April 2009

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

• Crisis looms for Islamic banks amid property downturn14 April 2009

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

• Bank Islam plans to raise $149.5m via share sale11 April 2009

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

• DEWA confirms refinancing of $2.2bn loan8 April 2009

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

• DIB AGM approves dividend payout25 March 2009

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

• Dubai Islamic Bank considering raising fresh capital24 March 2009

  Bank also examining converting emergency government deposits into regulatory capital.

• Seven charged in bank fraud case9 March 2009

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

• Dubai Islamic Bank targets growth amid global crunch9 March 2009

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

• Dubai Islamic Bank posts $471m profit for 200825 February 2009

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