Dubai Islamic Bank PJSC (“DIB”), rated A3 by Moody's and A by Fitch successfully priced its third Sustainable Sukuk – a landmark USD 1 billion 5-year senior issue with a profit rate of 5.243% per annum representing a spread of 95bps over 5-Year US Treasuries. The Sukuk was issued...
LOW-RATE CARD Introducing the Dubai First Low-Rate Card, an affordable, smart and flexible way to reduce credit card debt, finance large purchases and enjoy life cost effectively. Get the first year on us Apply today, spend AED 5,000 using your digital wallet in the first 30 days, and...
The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 4.40%; this move is in line with the US Fed that decided to maintain its Interest Rate on Reserve Balances unchanged. The CBUAE has also decided to maintain ...
Sobha Realty appointed Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, Sharjah Islamic Bank, and Standard Chartered Bank as Joint Global Coordinators, Joint Lead Managers, and Bookrunners for this transaction. Their commitment is instrumental to its success...
At Jumeira Rotana Hotel, you can indulge in the ultimate luxury experience without breaking the bank. With an average price of $132 per room, this hotel offers exceptional value for money compared to the average price of a hotel room in Dubai, which stands at $165. Located in the heart ...
For businesses, the bank has a range of accounts, deposits, foreign exchange, trade services and cards available. Mashreq Bank One of the oldest privately-owned banks in the UAE, Mashreq Bank was founded in 1967 and today has its headquarters in Dubai.** It operates across several countries,...
Dubai's holidays are tied to the lunar Islamic calendar, so the Gregorian calendar dates vary from year to year. Eid al-Fitr (the end of Ramadan), Eid al-Adha (a celebration that follows the Haj), Lailat al-Mi'raj (the Ascension of the Prophet), the Prophet's Birthday and the Islam...
While the practice of fasting is often associated with weight loss, the true purpose of Ramadan is much deeper. It is rooted in the Islamic belief in social justice and equality between rich and poor. The act of fasting is seen as a way to empathise with those who are less fortunate and...
The hospital will help you open a bank account soon after you arrive. Money in this account, however, does not earn interest, so you should transfer your money to an account outside UAE.Islamic lawprohibits earning interest on money;Islamic banking; however, provides another method for making...
Today, Al Ain has become a garden city which also boasts a university. Proceeding to Al Ain Palace Museum, an old fortress which was the residence of the late ruler Sheikh Zayed bin Sultan Al Nahyan from 1927 until the early 1970s, we can view interesting displays, including a collection ...