Despite the fact that they have been around for many years, they are only now being noticed because of a variety of factors.
The difference between then and now is that there are more Muslims in the financial sector and non-Muslim colleagues know more …
Dubai Islamic Bank (DIB) has repaid in full a $750 million (Dh2.75 billion) five-year sukuk which matured on March 22 from its own sources, prooving the bank’s financial strength and comfortable liquidity position.
The sukuk was launched in 2007, thr…
Sultan bin Saeed Al Mansouri, UAE Minister of Economy, has disclosed that the government cut off Dubai-based mortgage provider Amlak Finance’s debt by Dh4 billion.
The debt was reduced through delaying debt as well as through the sale of company’s la…
Middle East bond sales are departing to a record start this year after political unrest that swept through some nations in 2011 decreased and as concern wanished that Europe’s debt crisis would disturb the request for regional debt.
Regional governme…
Emirates NBD from Dubai has asked Fitch Ratings and Moody’s Investors Service to withdraw their ratings on Dubai Bank PJSC.
After the accomplishment of the takeover of Dubai Bank by Emirates NBD, all capital and medium-term funding claims for Dubai Ban…
Bank Sohar signed an agreement with Dar al Sharia Legal & Financial Consultancy of Dubai, to help it with all the main aspects of launching its Islamic banking window.
Since then, the bank has been working on introducing authentic, Sharia-based ban…
It appears that Dubai’s Jebel Ali Free Zone is discussing with banks how to repay its Dh7.5 billion ($2bn) Islamic bond until November, with most of the liability set to be given up by using a syndicated loan and a new sukuk. The banks that are taken i…
It seems that Dubai’s Noor Islamic Bank is the only institution in the United Arab Emirates that has been targeted by the US for dealings with Iran. Moreover, it appears that the bank had been a primary conduit for returning foreign-currency oil rece…
Dubai Islamic bank with ties to the emirate’s ruling family stopped doing business with Iranian banks in December, shortly before the United States approved new sanctions targeting the country’s financial system.
The decision by Noor Islamic Bank c…
Dubai developer Nakheel wants to begin the selling of properties in its Palm Jumeirah project next month. These will be the first properties to be sold on the development since the property crash of 2008.
The Palm Residence project will test request fo…
