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islamic finance

Emirates Islamic net profit rises 51% to AED1.24bn in 2022

January 27, 2023

DUBAI, 26th January, 2023 (WAM) -- Emirates Islamic reported a net profit of AED 1.24 billion in 2022, a 51% increase from the previous year. The......

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AED33.1 billion in net profit reported by seven listed banks for 2022

January 27, 2023

ABU DHABI, 26th January, 2023 (WAM) – Seven listed banks in the UAE reported net profit of AED33.125 billion in 2022, demonstrating the strength......

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Islamic Banks' assets up to AED607.8 billion by October 2022

January 13, 2023

ABU DHABI, 12th January, 2023 (WAM) -- The assets of UAE-based Sharia-compliant banks grew to AED607.8 billion by the end of October 2022, statistics......

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Slower growth seen for global sukuk issuances in 2023

January 12, 2023

Global sukuk issuance are likely to rise at a slow pace in 2023 amid market volatilities but will remain a key funding source in core Islamic finance......

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Abu Dhabi Islamic Bank increases its ownership in ADIB Egypt to more than 52%

January 6, 2023

ABU DHABI, 5th January, 2023 (WAM) -- Abu Dhabi Islamic Bank (ADIB) has announced the increase of its ownership in ADIB Egypt to more than 52%. ......

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Salama chairman may benefit from $4.08mln Aman acquisition

January 2, 2023

The chairman of Islamic insurer Salama may benefit from its AED 15 million ($4.08 million) acquisition of the portfolio of fellow Islamic insurer......

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ADIB receives e-Marketplace Champion Award from TradeAssets

December 21, 2022

ABU DHABI, 20th December, 2022 (WAM) -- Abu Dhabi Islamic Bank (ADIB) has received the e-Marketplace Champion Award for its excellence in digital......

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Emirates REIT closes $380mln sukuk issuance at 9.5% profit rate

December 15, 2022

Emirates REIT, a sharia-compliant real estate investment trust, has closed a $380 million sukuk issuance to refinance the $400 million sukuk issued......

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Dubai Islamic Bank rings market-opening bell to celebrate listing of its inaugural sustainable Sukuk valued at $750mln on Nasdaq Dubai

December 6, 2022

DUBAI, 5th December, 2022 (WAM) -- Dubai Islamic Bank (DIB) rang the market-opening bell today to celebrate the listing of its inaugural sustainable......

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ADIB Securities reports over AED22 billion worth of trades for 9 months 2022

November 23, 2022

ABU DHABI, 22nd November, 2022 (WAM) -- ADIB Securities, a Shari'a-compliant brokerage firm in the UAE and a wholly owned subsidiary of Abu Dhabi......

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