Central Bank of the UAE suspends bank from adding new customers on Islamic Window
UAE Islamic banks
Latest in UAE Islamic banks
CBUAE
UAE Islamic bank assets grow $23.4bn in a year
UAE’s Islamic bank sector sees massive growth in value of assets
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%
bank merger
GCC Islamic bank mergers likely to increase, says Fitch
New research says consolidation should ultimately be positive for the Islamic banking sector by creating larger, stronger and more efficient banks
Fitch Ratings
UAE Islamic banks see slower financial growth
Fitch Ratings predicts asset-quality metrics for Islamic banks in the UAE will remain under pressure for 2019
bank merger
Dubai Islamic Bank approves plan to acquire Noor Bank
The acquisition will consolidate Dubai Islamic Bank’s position as one of the largest Islamic banks in the world, with combined assets of $76bn
Dubai Islamic Bank
Dubai Islamic Bank weighs acquisition of local rival Noor Bank
Dubai Islamic Bank’s acquisition of Noor Bank would create a lender with $75bn in assets
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
Sharia-compliant
Conventional bank assets reach AED 2.26tr in UAE
There are currently 60 banks operating in the UAE
Dubai real estate market
Bank launches home loans for non-residents to buy in the UAE
Emirates Islamic has announced the launch of home finance solutions to help non-residents purchase property in the UAE
Banking & Finance
Emirates Islamic appoints new CEO as profits soar
Former Emirates NBD senior executive Salah Amin is named new CEO at one of the fastest growing banks in the UAE
Islamic banking
Sharjah Islamic Bank celebrates listing of $500m sukuk
Mohammed Abdulla, CEO of Sharjah Islamic Bank, rings the market opening bell at Nasdaq Dubai
Islamic banking
$1.14bn in non-resident deposits in UAE Islamic banks in 2018
The amount signals a two-year high, according to the UAE Central Bank
