August 15, 2020

ADIB reports H1 net profit of $160 million

Abu Dhabi Islamic Bank (ADIB) has reported a net profit of AED587.6 million ($160 million) and AED2.5 billion in net revenue for the first half of the year (H1).

Net revenue for H1 decreased to AED2,556.6 million from AED2,887.1 million in H1 2019, reported Emirates news agency"...

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August 10, 2020

Dar Al Takaful appoints CEO after acquisition of Noor Takaful...

Dar Al Takaful has announced the completion of acquisition of UAE-based Islamic insurance provider, Noor Takaful, with Rajesh Sethi appointed as the chief executive officer of the joint entities.

Sethi brings"...

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