Emirates Islamic Bank PJSC (EIB)

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News

22 April 07:13 PM Emirates Islamic Bank’s profits hike to AED 1bn in Q1-25

Dubai – Mubasher: The net profits of Emirates Islamic Bank jumped to AED 1 billion in the first quarter (Q1) of 2025 from AED 811.44 million in Q1-24. Earnings per share (EPS) increased to AED 0.18 as of 31 March 2025 from 0.14 in the year-ago …

Banking and Finance

23 March 03:46 PM Emirates Islamic issues $750m senior unsecured Sukuk

Dubai – Mubasher: Emirates Islamic Bank has successfully issued a $750 million senior unsecured Sukuk, backing its strategic growth journey as well as the continued progress of the Islamic finance industry. The Sukuk attracted a strong order book …

Companies Investments

29 January 08:20 PM Emirates Islamic Bank’s profits cross AED 2.8bn in 2024; assets up 27%

Dubai – Mubasher: Emirates Islamic Bank generated AED 2.81 billion in net profit after tax in 2024, up year-on-year (YoY) from AED 2.12 billion. Total operating income stood at AED 5.36 billion last year, up 3% from AED 4.76 billion as of 31 …

Banking and Finance

8 December 2024 06:34 PM Emirates Islamic extends long-term strategic partnership agreement with Visa

Dubai – Mubasher: Emirates Islamic Bank has recently renewed its partnership with Visa under a multiyear agreement under which the digital payments enabler will be granted exclusivity over all credit cards issued by the UAE bank. The extension of …

Companies Investments

17 October 2024 10:42 AM Emirates Islamic Bank logs AED 2.4bn profits in 9M-24

Dubai – Mubasher: The net profits of Emirates Islamic Bank reached AED 2.49 billion in the first nine months (9M) of 2024, marking a 52% year-on-year (YoY) hike from AED 1.64 billion. The lender posted 16% higher total operating income at AED 4.08 …

Financial Results

13 August 2024 02:14 PM Waha Capital raises $400m facility from 4 lenders

Abu Dhabi – Mubasher: Waha Capital has successfully refinanced its $400 million revolving credit facility with the support of four local and regional banks, according to a press release. The new facility, which holds a three-year tenor, can be …

Banking and Finance

18 July 2024 11:17 AM Emirates Islamic Bank’s net profit leaps 37% YoY in H1-24

Dubai – Mubasher: Emirates Islamic Bank posted a 37% year-on-year (YoY) surge in net profit to AED 1.66 billion in the first half (H1) of 2024. The bank’s total income soared by 15% YoY to AED 2.69 billion in H1-24, according to a press release. …

Banking and Finance

6 June 2024 10:42 AM Nasdaq Dubai lists 1st sustainability sukuk from Emirates Islamic

Dubai – Mubasher: Nasdaq Dubai has welcomed Emirates Islamic Bank's debut $750 million sustainability sukuk issuance under its $2.50 billion programme. The five-year sukuk took the bank's total listings on Nasdaq to $2.02 billion across four …

Banking and Finance

22 May 2024 03:55 PM Emirates Islamic issues $750m sustainability sukuk

Dubai – Mubasher: Emirates Islamic Bank has issued a $750 million five-year senior unsecured sustainability sukuk. The sukuk issuance received great demand from investors across different regions and was oversubscribed 2.80 times, according to a …

Banking and Finance

25 April 2024 11:21 AM Emirates Islamic’s net profits jump to AED 811.5m in Q1-24

Dubai – Mubasher: The net profits of Emirates Islamic Bank hiked by 35% year-on-year (YoY) to AED 811.44 million in the first quarter (Q1) of 2024 from AED 600.86 million. Total operating income amounted to AED 1.34 billion in Q1-24, an annual …

Financial Results

21 April 2024 03:53 PM Emirates Islamic debuts $500m financing facility

Dubai – Mubasher: Emirates Islamic Bank has concluded its debut $500 million syndicated financing facility, according to a recent press release. The three-year term facility is the first of its kind raised by a Shariah-compliant financial …

Companies Investments

25 January 2024 02:54 PM Emirates Islamic sees 71% growth in 2023 net profit as highest-ever financial performance

Dubai – Mubasher: Emirates Islamic Bank generated net profits worth AED 2.12 billion in 2023, signalling the highest-recorded level in the bank’s history and marking a 71% increase from AED 1.24 billion in 2022. The earnings per share (EPS) rose …

Financial Results

30 October 2023 09:44 AM Emirates Islamic Bank records higher profits at AED 1.64bn in 9M-23

Dubai – Mubasher: Emirates Islamic Bank registered net profits amounting to AED 1.64 billion in the first nine months (9M) of 2023, up 56% year-on-year (YoY) from AED 1.05 billion. Total operating income enlarged by 62% YoY to AED 3.53 billion in …

Financial Results

6 September 2023 06:29 PM Emirates Islamic Bank appoints Al Mulla as CEO

Dubai – Mubasher: UAE-based financial institution Emirates Islamic Bank has appointed Farid Al Mulla as its new CEO who commenced his duties on 5 September 2023. Al Mulla succeeded Salah Amin, a banking veteran who retired after nearly 35 years of …

Corporate Actions

27 July 2023 02:10 PM Emirates Islamic Bank witnesses 73% higher net profits in H1-23

Dubai – Mubasher: Emirates Islamic Bank registered a 73% year-on-year (YoY) leap in net profit to AED 1.21 billion in the first half (H1) of 2023, compared to AED 701.09 million. The total operating income was valued at AED 2.33 billion in H1-23, …

Financial Results

27 April 2023 02:33 PM Emirates Islamic Bank records AED 601m profits in Q1-23

Dubai – Mubasher: The net profits of Emirates Islamic Bank reached AED 600.86 million in the first quarter (Q1) of 2023, an annual surge of 76% from AED 341.89 million. Total operating income amounted to AED 1.13 billion during the first three …

Banking and Finance

23 April 2023 03:58 PM Two banks team up to launch credit guarantee scheme for UAE-based SMEs

UAE – Mubasher: Emirates Development Bank (EDB) has signed a memorandum of understanding (MoU) with Emirates Islamic Bank to collaborate on a joint credit guarantee scheme that will support the financial inclusion of small- and medium-sized …

Companies Investments

23 February 2023 00:55 AM Emirates Islamic Bank unveils general assembly’s decision on 2022 dividends

Dubai – Mubasher: The shareholders of Emirates Islamic Bank decided, during their 47th general assembly meeting on 22 February, to withhold dividends for the year ended on 31 December 2022. The resolution boosted the board’s recommendation to not …

Cash Dividends

26 January 2023 01:29 PM Emirates Islamic Bank’s 2022 profits leap 51%

Dubai – Mubasher: Emirates Islamic Bank generated net profits worth AED 1.24 billion during 2022, signalling a year-on-year (YoY) increase of 51% from AED 823.08 million. The earnings per share (EPS) amounted to AED 0.22 at the end of December …

Financial Results

27 October 2022 06:53 PM Emirates Islamic Bank posts 31% higher profits in 9M-22

Dubai – Mubasher: Emirates Islamic Bank posted a 31% hike in net profit to AED 1.05 billion during the first nine months (9M) of 2022, versus AED 804.23 million in the year-ago period. The earnings per share (EPS) stood at AED 0.19 during …

Financial Results

28 July 2022 11:01 AM Emirates Islamic Bank’s earnings rise 23% in H1-22

Dubai – Mubasher: Emirates Islamic Bank’s net profits increased by 23% year-on-year (YoY) during the first half (H1) of 2022 to stand at AED 701 million. The profit rise was driven by higher funded and non-funded income, coupled with lower …

Banking and Finance

26 January 2022 10:42 AM Emirates Islamic Bank turns to profitability in 2021

Dubai – Mubasher: Emirates Islamic Bank has achieved net profits of AED 823.085 million in 2021, against net losses of AED 482.225 million in 2020, according to the bank's consolidated financials for the year ended 31 December 2021. The bank …

Banking and Finance

14 November 2021 03:21 PM Emirates Islamic Bank closes $500m Sukuk issuance

Dubai – Mubasher: Emirates Islamic Bank has closed the $500 million Sukuk issued from its $2.5 billion Certificate Issuance Programme. The five-year Sukuk issuance was listed on Nasdaq Dubai and Euronext Dublin’s Regulated Market, attracting …

Sukuk and Islamic Finance

20 October 2021 11:35 AM Emirates Islamic Bank turns to profitability in 9M

Dubai – Mubasher: Emirates Islamic Bank recorded net profits of AED 804.238 million during the first nine months of 2021, against net losses of AED 311.238 million in the year-ago period, according to the bank's unaudited consolidated interim …

Banking and Finance

28 July 2021 00:23 PM Emirates Islamic Bank's net profits surge in H1-21

Dubai – Mubasher: The net profits of Emirates Islamic Bank jumped to AED 568.714 million during the first half (H1) of 2021, compared to AED 11.846 million in the same period of 2020, as shown by the bank's consolidated interim financials for the …

Financial Results