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islamic finance

Global Islamic finance set to grow 12% driven by sukuk, takaful

May 4, 2021

The global Islamic finance industry will grow by 10-12 percent in 2021-2022 after slowing to 10.6 percent in 2020 (excluding Iran) as Islamic banking......

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ADIB first-quarter net income more than doubles

May 3, 2021

Abu Dhabi Islamic Bank’s first-quarter net profit more than doubled as revenue rose for the biggest Sharia-compliant lender in the emirate......

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Abu Dhabi Islamic Bank reports AED608 million Q1'21 net profit

May 3, 2021

ABU DHABI, 2nd May, 2021 (WAM) -- Abu Dhabi Islamic Bank (ADIB) said its Q1'21 net profit surged by 125 percent to AED608 million compared to......

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Extreme prudence required as headwinds remain: Dubai Islamic Bank CEO

April 29, 2021

Dubai Islamic Bank (DIB), the largest Islamic lender in the UAE, will continue to run its business with extreme prudence this year, as the “headwinds”......

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UAE's Zurich Capital Funds Group launches Islamic digital bank

April 22, 2021

Zurich Capital Funds Group has launched a fully Islamic Shariah compliant digital bank that will provide all banking services according to Islamic......

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Nasdaq Dubai welcomes listing of $500 million Sukuk by Dubai Islamic Bank

April 22, 2021

DUBAI, 21st April, 2021 (WAM) -- Nasdaq Dubai welcomes the listing of a $500 million perpetual Additional Tier 1 Sukuk, issued by the Dubai Islamic......

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Sharjah Islamic Bank operating profits increases by 27% in Q1 2021

April 19, 2021

SHARJAH, 18th April, 2021 (WAM) -- The operating profits of Sharjah Islamic Bank (SIB) has increased before provisions amounting to AED 212.2 million......

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Fifth edition of Global Islamic Economy Summit announces ‘Driving Transformation’ theme

April 19, 2021

DUBAI,18th April, 2021 (WAM) – The Dubai Islamic Economy Development Centre (DIEDC) today announced the theme for the fifth edition of the......

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Dubai Islamic Bank sells $500mln in perpetual sukuk-UAE

April 15, 2021

Dubai Islamic Bank, the UAE’s largest Islamic lender, on Wednesday sold $500 million in perpetual non-call 5.5 years additional Tier 1 sukuk......

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ADIB to postpone one personal loan instalment during Ramadan

April 13, 2021

Abu Dhabi Islamic Bank (ADIB) announced today that it would postpone repayment of one monthly instalment for its eligible personal finance customers......

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