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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......
Continue Reading >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......
Continue Reading >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......
Continue Reading >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......
Continue Reading >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%. ......
Continue Reading >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......
Continue Reading >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......
Continue Reading >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......
Continue Reading >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......
Continue Reading >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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