Dubai Islamic Bank - UAE

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Recent Articles

• Bank introduces online Salik payments system17 November 2008

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

• Dubai Islamic Bank profit climbs 10.4%27 October 2008

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

• Bank boss casts doubt on viability of mega projects 19 October 2008

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

• Mixed fortunes for Gulf exchanges19 October 2008

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

• Former Dubai Islamic Bank head arrested 17 October 2008

  Deyaar corruption probe continues with arrest of Saad Abdul Razak.

• Dubai Islamic Bank appoints chief executive21 September 2008

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

• Global concerns weigh heavy on Gulf markets18 September 2008

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

• Investors in repossessed Dubai project safe 12 September 2008

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

• Real estate woes leave Gulf shares down11 September 2008

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

• Dubai Islamic Bank shares suspension lifted11 September 2008

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

• Negative day for Gulf exchanges2 September 2008

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

• DIB set to buy majority stake in Jordan bank2 September 2008

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

• Dubai Islamic Bank fights money laundering31 August 2008

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

• Islamic bank's new war on money laundering31 August 2008

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

• Iran invites bids for 3rd mobile operator 25 August 2008

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

• DIB and Nakheel move JV forward18 August 2008

  AED 2 billion real estate firm unveils first project.

• Dubai's zero tolerance pledge on corruption17 August 2008

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

• DIB enjoys big jump in profits14 August 2008

  Bank also deploys new software to help boost service.

• Dubai Islamic Bank rolls out Oracle core banking30 July 2008

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

• Dubai Islamic tops forecasts with 60% profit jump26 July 2008

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

• Dubai developer Deyaar Q2 up 184% 20 July 2008

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

• Dubai Islamic's sharia consultancy to expand abroad20 July 2008

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

• Dubai Islamic, Global fund eyes three deals by Q330 June 2008

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

• $500mn Islamic buyout fund set up25 June 2008

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

• Bank probe sparks calls for compliance23 June 2008

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