Banking & Finance

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Conversions of conventional banks into Islamic ones are rare but not unprecedented.
October 23, 2014 - 17:41 GMT
The Council of Senior Scholars, said investing in NCB's share offer was not permissible because too much of its business was non-Islamic.

April 19, 2011

Waleed Saeed Al Awadi, Deputy Chief Marketing Officer and Head of Branches and Royal Banking, handing the cheque to the winners
08:14 GMT
(press release)

In line with its commitment to help customers build their prosperity, Dubai Bank named its April winner of the Kunooz monthly one million dirham prize draw.

April 18, 2011

The ADIB Real Estate Solutions Centre can be visited at Stand 6D10 near Gate 6 during April 17-20 from 10:00 am to 07:00 pm at ADNEC
14:20 GMT
(press release)

At Cityscape, ADIB intends to create customized solutions to facilitate developer purchase, owner to owner purchase, and construction financing.

Sharjah Islamic Bank results a net profit of AED 70.0 million, compared to 67.5 million achieved in the same period last year
14:03 GMT
(press release)

Sharjah Islamic Bank announced its 1st quarter 2011 results yesterday with net profit of AED 70.0 million, compared to 67.5 million achieved in the same period last year achieving a 3.7% increase.

DIB collecting the award during a ceremony held at the Dusit Thani Hotel in Dubai
12:22 GMT
(press release)

Dubai Islamic Bank (DIB) announced today that it has been honoured with the Islamic Finance News Award for Best Mudarabah Deal of the Year in 2010.

The latest report shows an increase in the preference for property investment
09:40 GMT
(press release)

The latest (FPI) Investor Attitudes Report shows that United Arab Emirates investor confidence continues to improve, albeit at a slower pace than has previously been the case.

Ibrahim Dabdoub, NBK’s Group Chief Executive Officer
07:25 GMT

NBK reported net profits of USD 291 million (KD80.8 million) for the first quarter of 2011 as compared with USD 275 million (KD 76.3 million) for the same period in 2010, an increase of 6%.

April 17, 2011

Fahad Al-Rajaan, Chairman, AUB
14:05 GMT
(press release)

Ahli United Bank (AUB) reported a net profit attributable to its equity shareholders of US$ 77.3 million for the quarter ended 31 March 2011.

Luxury brands from around the world were invited to showcase their exclusive products exclusively to DIB customers
12:14 GMT
(press release)

Dubai Islamic Bank (DIB) recently held an exclusive event for its Private Banking and ultra high net worth Wajaha customers at the Ritz-Carlton, Dubai International Financial Centre.

Fahad Al-Rajaan, Chairman of Ahli United Bank
10:08 GMT
(press release)

Ahli United Bank has announced its Platinum Sponsorship for the Arab Banking Conference which will convene this year in Doha, Qatar on 18 and 19 April 2011.

Mohammed Al Falasi, SVP, Head of Direct Sales Force and Alternative Channels at Emirates NBD
08:52 GMT
(press release)

Emirates NBD, announced today that its pay offices at terminals one, two and three of Dubai International Airport, will now offer payment facilities for selected services.

April 14, 2011

Steen Jakobsen, Chief Economist at Saxo Bank
13:06 GMT
(press release)

Saxo Bank, the online trading and investment specialist, today released its second quarter Outlook , a short analysis examining the global economic outlook for the forthcoming quarter.

Attractive offers for NBAD Cardholders at SAVEX warehouse 2011
08:05 GMT

The National Bank of Abu Dhabi, the Number One Bank in the UAE, is pleased to inform its esteemed cardholders of a promotion that offers them discount up to 70% at SAVEX warehouse 2011.

April 13, 2011

The strategic partnership with Taaleem will encourage and support education at one of the most renowned educational institutes in the UAE
13:46 GMT
(press release)

Abu Dhabi Commercial Bank (ADCB) has recently signed an agreement with Taaleem, a leading education provider, to offer extended payment loans to students.

Jamal Bin Ghalaita, Group Deputy CEO, Emirates NBD
10:51 GMT
(press release)

Emirates NBD, a leading bank in the region, announced today the introduction of new electronic payment solutions to facilitate donations towards relief efforts in crisis-stricken Japan and Egypt.

Fady  Eid, Market Leader Levant at Credit Suisse
06:42 GMT
(press release)

Credit Suisse has appointed Fady Eid as Market Leader Levant for Private Banking Middle East & Indian Subcontinent, effective immediately.