Tagged: Emirates Islamic Bank (EIB)

EIB completes issuance of $500m sukuk certificates

EIB completes issuance of $500m sukuk certificates

Emirates Islamic Bank (EIB) has successfully ended the issuance of $500 million sukuk certificates, maturing in 2017 off their $1,000 million Trust Certificate Issuance Programme. The programme is guaranteed by Emirates NBD rated A3 by Moody’s and A+ b…

EIB names Ghalaita as CEO

EIB names Ghalaita as CEO

Emirates Islamic Bank (EIB) has chosen a new CEO and elected a board of directors.
The new CEO is Jamal Bin Ghalaita, after EIB’s former chief executive resigned in May and his deputy was appointed acting CEO.
The bank’s shareholders also accepted the …

Islamic banks’ profits soar 29.3% in H1

Islamic banks’ profits soar 29.3% in H1

It seems that Islamic banking has increased UAE bourses of nearly 29.3 % in their net income in the first half of 2011 while their total assets and deposits also recorded growth.
The five listed Shariah-compliant banks that were included in the report …