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...
This metro station provides easy access to the city's major attractions, including the iconic Burj Khalifa and Dubai Mall. Whether you're planning to visit the historic district of Al Fahidi or soak up the sun at Jumeirah Beach, the Noor Islamic Bank Metro Station is a great starting point...
By today, its share value was at US$ 5.45 – US$ 0.75, (16.0%) higher YTD from its 2024 opening price of US$ 4.70. Meanwhile, Emirates Islamic posted an impressive 52% record profit surge, to US$ 681 million, in the nine months to 30 September 2024 – and a net profit margin of...
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...
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,...
Living in Al Nahda Dubai is an interesting experience. Originally, the area was part of the industrial areas in Al Qusais. However, with recent development, it has evolved into a distinct residential community. Today, MyBayut will update you on what life
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 ...
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...
H.E. Hussain Al-Qemzi, Group Chief Executive Officer of Noor Investment Group LLC and Chief Executive Officer of Noor Bank PJSC, UAE, talked about how ‘Innovation is Key to a Sustainable and Competitive Advantage for the Future of Islamic banking.’ Two panel discussions were also featured ...
Special ceremony The office was officially inaugurated during a special ceremony in Jakarta with the participation of Bahlil Lahadalia, Minister of Investment for Indonesia; Ahmed Ali Al Sayegh, Minister of State to the UAE Cabinet; Husin Bagis, Ambassador of the Republic of Indonesia to the UAE...