Emirates Islamic, one of the leading Islamic financial institutions in the UAE, held its forty-eighth General Assembly Meeting, on 21 February 2024. Hesham Abdulla Al Qassim, Chairman of Emirates Islamic, and Vice Chairman and Managing Director of Emirates NBD, presented a comprehensive review of ...
The COVID-19 pandemic in 2020 hit the Islamic banks in the UAE hard. While all five standalone Shariah-compliant banks posted drops in profit year-on-year, Emirates Islamic was the only one to post a loss. All the banks were hit by much higher impairment losses: ...
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Emirates Islamic Bankwins the UAE's most innovative Islamic bank award this year. It launched a range of innovative products and services across several business segments. The bank launched the EI+ mobile banking application, featuring 75 new banking services ...
DUBAI ISLAMIC BANK Established in 1975, Dubai Islamic Bank is one of the first banks to offer Sharia-compliant financial solutions in Dubai and the rest of the UAE. With over90 branches across the UAE, Dubai Islamic Bank is actually one of the largest Islamic banks in Dubai.They specialise ...
UAE: Emirates Islamic is expected to sell a five-year US$500 million Sukuk facility of which the price guidance has been tightened to around 155bps over midswaps. The Sukuk facility has received over US$1.2 billion in orders and was expected to close on
Emirates Islamicbank has launched a fintech accelerator campaign in collaboration withPlug and Play Abu Dhabi. The campaign is a call to action for Islamic fintechs and financial startups with propositions that can enhance customer journeys across SME financing, trade fina...
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Prohibited items in UAE A list of banned shipping items in the UAE includes: Controlled/recreational drugs and narcotic substances; Publications and artwork that contradict or challenge Islamic teachings and values; Gambling tools and machines; ...
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