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UAE’s EDB & DIB unite to launch credit guarantee scheme for...

The Emirates Development Bank (EDB) has signed a Memorandum of Understanding (MoU) with Dubai Islamic Bank (DIB) to set up a credit guarantee scheme...

Dubai Islamic Bank raises foreign ownership to 40%

Dubai’s first Islamic financial institution Dubai Islamic Bank (DIB) has increased its foreign ownership limit (FOL) from the current level of 25 percent to...

Sharjah’s Arada secures $68mn funding for Aljada megaproject

Sharjah-based property development company Arada has secured a $68 million Islamic facility from Dubai Islamic Bank (DIB) to finance general construction at its Aljada...

Sharjah developer Arada taps $81mn loan for project expansion

Sharjah's master-developer Arada has obtained an initial $81 million (Dh300 million) loan from Dubai Islamic Bank (DIB) as it intends to add more features...

Dubai Islamic Bank declares itself #ReadyForTheNew in 2021

UAE's largest Islamic bank, Dubai Islamic Bank (DIB) has introduced its new positioning, #ReadyForTheNew, which is based on the long-term vision of the financial...

Dubai Financial Market begins equity futures trading

Dubai Financial Market (DFM) has launched equity futures trading as part of its new Futures Trading Platform, amid unprecedented participation from the brokerage community. The...

Dubai Islamic Bank secures $1 billion from its highly-valued Sukuk issue

Dubai Islamic Bank (DIB) has successfully secured a $1 billion extended 5-year Sukuk with a profit rate of 2.95% per annum, which is comparable...
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