UAE Ministry of Finance partners with Emirates Islamic to expand Retail Sukuk , enabling investment in fractional T-Sukuk via app
Emirates Islamic
Latest in Emirates Islamic
Dubai
Emirates Islamic delivers record 9M profit before tax of $870mn
Both customer financing and customer deposits grew 20% to $23bn and $25.16bn, respectively; Total income up 9% to $1.23bn
Emirates Islamic
Emirates Islamic to power Kimera Group’s UAE finances with digital-first banking solutions
Emirates Islamic will manage Kimera Group’s UAE finances with advanced digital tools, streamlining operations and boosting agility across all financial processes
Dubai
Dubai’s Emirates Islamic posts record $450 million profit for H1 2024
In its 20th year of operation in the UAE, the bank’s total Assets crossed the AED100 billion mark for the first time
Dubai
Emirates Islamic concludes debut $500 million financing facility
The proceeds from the syndicated financing facility are to be used for Shariah-compliant general corporate funding purposes
banking business
Emirates Islamic posts highest-ever net profit of $580mn
71 per cent jump in net profit; Total income for the year increased by 50 percent to $1.3 billion
banking industry
Dubai lender Emirates Islamic launches bank account dedicated to female entrepreneurs
The account is curated to cater and support UAE women entrepreneurs and business owners
banking and finance
How Islamic banks are making their mark in the post-pandemic UAE
New research shows the gap between the penetration of conventional and Islamic banking products in the UAE has narrowed to just 1%
Emirates Islamic
Emirates Islamic’s net profits reach $218.8m for first nine months of 2021
Bank’s total income was up 14 percent year-on-year and 43 percent from Q3 2020
banking
Emirates Islamic’s net profit jumps to $155m in first half of 2021
Dubai-based bank’s net profit rose on the back of higher non-funded income, lower costs and lower impairment allowances
Arabian Business StartUp
Emirates Islamic inks deal to join $27m SME financing scheme
First Islamic bank signs agreement with Emirates Development Bank to be part of its Credit Guarantee Scheme
digital banking
Emirates Islamic says first to launch WhatsApp banking services
UAE bank says WhatsApp chat banking launch is global first in the Islamic banking sector
Emirates Islamic
Emirates Islamic posts record $251m net profit in 2018
Chairman hails performance which sees highest ever recorded net profit since bank’s inception in 2004
Cardless Cash Withdrawal
UAE bank launches cardless cash withdrawal
Emirates Islamic said the service allows customers to make transfers to recipients using only their mobile phone number.
Emirates Islamic
Islamic banking grows in popularity in the UAE – survey
2018 Islamic Banking Index says Islamic banks are outperforming their conventional peers in customer acquisition in the UAE
Android devices
Google Pay now available in UAE
Google has partnered with Emirates NBD, Emirates Islamic, Mashreq and Standard Chartered banks
Emirates Islamic
Deals on Nasdaq Dubai’s Islamic financing platform exceed $100bn
Transactions on the Nasdaq Dubai Murabaha Platform for Islamic financing have hit major milestone
