Dubai Islamic Bank - UAE

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Recent Articles

• Escrow account law unnecessary, says Hiranandani5 September 2007

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

• Escrow accounts launch in Dubai1 September 2007

  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.

• Land Department defends escrow accounts16 August 2007

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

• Dubai Islamic plans UAE expansion11 August 2007

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

• Banks get on escrow bandwagon2 August 2007

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

• DIB profits almost triple in Q229 July 2007

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

• DIB launches escrow trust account service25 July 2007

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

• DIFC, DIB launch Sharia trust services18 July 2007

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

• DIB considering Islamic bond sale11 July 2007

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

• DP World exceeds $3bn in bond issue4 July 2007

  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.

• DP World bonds to raise $3bn21 June 2007

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

• Hedge fund market opens to Islamic investors12 June 2007

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

• Dubai Islamic Bank has Scope for development2 June 2007

  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.

• DIB installs intranet system30 May 2007

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

• DIB expects $16bn in sukuk sales23 May 2007

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

• Aldar seeks $2.1b beach project loan20 May 2007

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

• Jordan signs deals totalling $2.5bn20 May 2007

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

• Deyaar IPO up to 10 times oversubscribed16 May 2007

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

• Emaar to enveil new tower10 May 2007

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

• Dubai Islamic launches Deyaar IPO5 May 2007

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

• Deyaar eyes Asia expansion2 May 2007

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

• DIB complements risk management1 May 2007

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

• DIB gets approval for Syria branch30 April 2007

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

• UAE set to see launch of its largest IPO26 April 2007

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

• Dubai Islamic banks big profits24 April 2007

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