Dubai Islamic Bank

Dubai Shares Shown Subdued Performance

Dubai Shares Shown Subdued Performance Dubai's benchmark stock index on Monday declined amid subdued investor's sentiments owing to global uncertainties and pending decision on Greece's debt vows. Shares of Dubai Islamic Bank PJSC and Deyaar Development PJSC declined for the first day.

Abu Dhabi Islamic Bank provisions surges 75%

DIB reports impressive performance in Q2

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has announced its financial figures for the second quarter of current financial year, reporting an impressive growth of 10 per cent in its net profit that stood at Dh552 million compared to Dh301 million in the same period of 2010.

DIB’s net profit increased by 50 per cent in the second quarter of 2011 if figures are compared quarter-on-quarter basis.

Dubai Islamic Bank to Launch REIT

Dubai Islamic BankDubai Islamic Bank is believed to be the largest Islamic financial sector/bank in UAE. Of late, a spokesperson of this banking sector has made a public announcement that it has taken initiative to bring flow and speed to real estate industry by establishing REIT or Real Estate Investment Trust in unison with French Eiffel Management.

Dubai first REIT to come up soon

Dubai Islamic BankThe first ever real estate investment trust (REIT) of UAE is going to come up soon. It will be started by the region's biggest Islamic bank, Dubai Islamic Bank along with France's Eiffel Management.

Known as Emirates REIT, it will be used for investing in commercial as well as residential properties. DIB also said in a statement that the REIT will be based in Dubai International Financial Center.

Dubai Islamic Bank books Dh1.1 billion net profit for the first 9 months

Dubai Islamic Bank (DIB) has clocked a net profit of Dh1.12 billion for the first nine months of fiscal 2009.