Tagged: Emirates Islamic Bank

Emirates Islamic Bank contributes AED 7 million to Dubai Health Authority

Emirates Islamic Bank contributes AED 7 million to Dubai Health Authority

<p>Emirates Islamic Bank contributed AED 7 million to Dubai Healthcare Authority to support Rashid Hospital in purchasing computed tomography (CT scan) machines, which will be used for medical imaging procedures at the government healthcare institution. The donation reflects Emirates Islamic Bank&rsquo;s commitment towards the development of the UAE healthcare industry by working alongside government hospitals. The financial aid to Rashid Hospital follows similar initiatives by Emirates Islamic Bank to healthcare institutions in the UAE in recent years. Emirates Islamic Bank&rsquo;s recent contribution to Rashid Hospital is also in keeping with its objective to support charitable causes via a dedicated Zakat Fund at the bank. In 2012 alone, the bank&rsquo;s Zakat Fund contributed over AED10 million to various charitable causes.</p>
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<p><a href="http://www.albawaba.com/business/pr/emirates-islamic-bank-dubai-health-502304" title="http://www.albawaba.com/business/pr/emirates-islamic-bank-dubai-health-502304">http://www.albawaba.com/business/pr/emirates-islamic-bank-dubai-health-5…</a></p>
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Emirates Islamic Bank Reports 101% Q1 Profit Jump

Emirates Islamic Bank Reports 101% Q1 Profit Jump

Emirates Islamic Bank (EIB) reported a first quarter net profit of Dhs33.2 million, a 101 per cent increase compared to the previous year. The total income for the three months rose up by 42 per cent to reach Dhs443 million. EIB also reported a 42 per cent increase in operating profit before an impairment of Dhs195 million in the first quarter. The bank’s non-performing ratio as of March 31, 2013, improved to 19.2 per cent, from 20.4 per cent on December 31, 2012. EIB’s customer deposits stood at Dhs26.3 billion while the customer financing increased five per cent to Dhs20.7 billion. The bank maintained a financing-to-deposit ratio of 93 per cent, and a capital adequacy ratio of 16.3 per cent. According to Jamal Bin Ghalaita, chief executive officer of Emirates Islamic Bank, the bank has targeted segments of SME and priority customers and also continued to develop its commercial segment.

Cards Portfolio Manager

Cards Portfolio Manager

Position Responsibilities:
• Strategic interventions for improvement of cards portfolio size and quality
• Cards portfolio Pricing initiatives
• Support the cards acquisition efforts , specially around cross sell and alternate channels
• Improve the authorization rates for the card transactions
• Process improvement across the customer life cycle resulting in improved NPS for the business
• Support pan – product technology initiatives
• Cards alliances

Emirates Islamic to launch $408m rights issue

Emirates Islamic to launch $408m rights issue

According to announcement, Emirates NBD’s Islamic unit plans will start with a rights issue worth Dhs1.5bn ($408m) this month. Emirates Islamic Bank (EIB) will offer 1.5 billion shares at Dhs1 each between January 25 and February 3, thus increasing its…