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TN Magazine Special reports Weekend

Road to Net Zero

Music & On-stage

Fashion & Beauty

Road to Net Zero

Music & On-stage

Fashion & Beauty

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Dubai Islamic Bank

Latest financial news on DIB, a public joint-stock company and bank that operates on Sharia principles

EDB chief executive Ahmed Al Naqbi and DIB group chief executive Adnan Chilwan sign the preliminary agreement. Photo: EDB and DIB

EDB and DIB team up to fund UAE SMEs

BusinessFebruary 23, 2022

Deyaar said its hospitality portfolio benefited from a rebound in Dubai's tourism sector. Pawan Singh / The National.

Deyaar returns to profit amid continued property market recovery

PropertyFebruary 11, 2022

The Islamic bond will be issued by DIB Sukuk and will be listed on Euronext Dublin and Nasdaq Dubai. Mona Al Marzooqi/ The National

Dubai Islamic Bank issues $750m sukuk

BankingFebruary 09, 2022

Dubai Islamic Bank reported lower impairment charges in 2021, pushing net profit higher. Photo: Dubai Islamic Bank

DIB’s 2021 profit climbs 33% on lower impairment charges

BankingJanuary 26, 2022

Dubai Islamic Bank says its Rabbit app offers a 'happy and fun-filled interaction' while serving the everyday financial needs of its new generation and the millennial customers. Mona Al Marzooqi / The National

Dubai Islamic Bank launches Rabbit 'FunTech' app aimed at tech-savvy customers

BankingDecember 21, 2021

Dubai Islamic Bank last month reported second-quarter profit of Dh1bn amid continued economic recovery. Jeffrey E Biteng / The National

DIB increases foreign ownership limit of its shares to 40%

BankingAugust 05, 2021

Dubai Islamic Bank customer deposits rose by 6% to Dh218.3bn in the first half of the year, compared with the end of 2020. Mona Al Marzooqi / The National

DIB reports $274m second-quarter net profit as economic recovery continues

BankingJuly 28, 2021

Dubai Islamic Bank is owed $425 million by healthcare group NMC, which was placed into administration last year. Reuters

Dubai Islamic Bank wins latest round of ongoing legal tussle with NMC's administrators

BankingJuly 18, 2021

Administrators of NMC Health have secured enough support from creditors for a financial restructuring of the business, which will wipe out some of its debt. Ravindranath K / The National

NMC's administrators set for new round of hearings in dispute with Dubai Islamic Bank

BusinessMay 28, 2021

Dubai Islamic Bank reported a 34 per cent drop in its full-year net profit on Tuesday. Mona Al Marzooqi / The National

Dubai Islamic Bank’s full year profit drops on higher impairment charges

BankingFebruary 16, 2021

Dubai Islamic Bank closes the lowest-ever yielding additional tier-1 sukuk. Mona Al Marzooqi / The National

Dubai DIB closes the lowest-ever yielding additional tier-1 sukuk

BankingNovember 14, 2020

Dubai Islamic Bank now has assets of more than Dh300 billion following the completion of its integration of Noor Bank. Victor Besa/The National

Dubai Islamic Bank completes integration of Noor Bank

BankingNovember 02, 2020

Dar Takaful's shares closed 6.6% higher at 61 fils per share on the Dubai Financial Market on Sunday as it announced a Dh215m acquisition of two Noor Takaful business units. Christopher Pike / The National

Dar Al Takaful to buy Noor Takaful for Dh215m

MarketsJune 07, 2020

Banks started to report their exposure to Phoenix Global, the Dubai-based trading arm of collapsed commodities broker Phoenix Commodities. The company claimed to be one of the largest rice distribution companies in the world, delivering close to 2 million metric tons of rice to its customers around the world each year. Bloomberg

UAE banks report exposure to commodities broker in liquidation

MarketsMay 12, 2020

Kristo Kaarmann, founder and chief executive of TransferWise, said the UAE is one of the most important remittance markets in the world. Photo courtesy TransferWise

Low-cost money transfer service TransferWise arrives in UAE

MoneyApril 15, 2020

Ambulances outside the NMC Speciality Hospital in Dubai. Parent company NMC Health was placed into administration in April following a petition by its biggest creditor, Abu Dhabi Commercial Bank. Bloomberg

Chief restructuring officers appointed at NMC Health

EconomyApril 15, 2020

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