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Sharjah Islamic Bank proposes 8 percent of cash dividends for shareholders

February 21, 2021

SHARJAH, 20th February, 2021 (WAM) -- Sharjah Islamic Bank agreed to distribute 8 percent in cash dividends to shareholders, after the bank achieved......

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UAE's top Islamic banks saw impairment losses widening in 2020

February 17, 2021

Leading Islamic banks in the UAE, Dubai Investment Bank (DIB) and Emirates Islamic Bank (EIB) posted increasing impairment losses in the financial......

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ADIB reports AED1.6 billion in net profit for 2020

February 15, 2021

Abu Dhabi, 14th February, 2021 (WAM) -- Abu Dhabi Islamic Bank (ADIB), delivered strong recovery of 73% growth in net profit in H2 2020 compared......

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SALAMA’s preliminary 2020 net profit doubles to AED136.13 million

February 15, 2021

DUBAI, 14th February, 2021 (WAM) -- Islamic Arab Insurance Company, listed as 'SALAMA' on DFM, reported significant growth in net profit......

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Sharjah Islamic Bank achieves net profit of AED405.8 mln for 2020, propose 8% cash dividend

January 21, 2021

SHARJAH, 20th January, 2021 (WAM) -- Sharjah Islamic Bank has reported an increase in its operating profits before provisions by 8.7 percent, amounting......

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ADIB launches new one-year healthcare equities note for investors in 2021

January 20, 2021

ABU DHABI, 19th January, 2021 (WAM) -- Abu Dhabi Islamic Bank (ADIB) has launched a new healthcare-focused equities basket note. The structured note......

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Global sukuk issuance to rise to $140-$155bln in 2021: S&P Global

January 13, 2021

The global sukuk market should continue to enjoy record-low interest rates and abundant liquidity throughout 2021 and beyond, S&P Global Ratings......

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Mashreq may move jobs to India, Egypt or Pakistan to save costs

January 7, 2021

Mashreq Bank plans to move nearly half of its employees to more cost-friendly locations and allow others to work from home as part of a dramatic......

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Noor Takaful and Algofy.ai tie up to roll out digital savings platform

December 23, 2020

Islamic insurance company Noor Takaful tied up with Abu Dhabi Global Market-based technology start-up Algofy.ai to roll out a digital savings plan.......

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ADIB Securities reports strong US share trading amid market volatility

November 30, 2020

ABU DHABI, 29th November, 2020 (WAM) -- ADIB Securities, a Sharia compliant brokerage firm in the UAE and a wholly-owned subsidiary of Abu Dhabi......

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