DUBAI: Dubai Islamic Bank (DIB), the UAE’s largest Islamic bank, announced Monday it has increased its shareholding in T.O.M. Group from 20% to 25%. This strategic move follows the initial acquisition in September 2023, further cementing DIB’s presence in Türkiye’s…
UAE: Dubai Islamic Bank (DIB) Annual General Assembly Meeting approved the bank’s 2021 financial statements and other tabled resolutions, demonstrating the confidence of the shareholders in the bank’s Board and management’s strategic agenda for the coming years. For the year…
DUBAI: Dubai Islamic Bank PJSC (DIB), rated A3 by Moody’s and A by Fitch, successfully priced a landmark USD 500 million Perpetual Non-Call 5.5yrs Additional Tier 1 Sukuk with a profit rate of 3.375% per annum. This transaction represents the…
DUBAI: Dubai Islamic Bank PJSC (DIB) successfully priced a USD 1 billion Perpetual Non-Call 5.5yrs Additional Tier 1 Sukuk with a profit rate of 4.625% per annum, a news release said. This transaction carries the lowest ever yield achieved by…
DUBAI: Dubai Islamic Bank (DIB) has completed the integration of Noor Bank with the successful migration of all banking relationships into DIB. The acquisition further enhances DIB’s position as one of the largest Islamic banks in the world with total…