Dubai Islamic Bank (DIB) today announced its financial results, reported an increase of 5 percent in the Customer deposits for the first half of 2012, stood at AED 68.3 billion compared to AED 64.8 billion as of December 31, 2011, Net profit for the

Bank of Sharjah suffered an 18 per cent decline in its net profit for the six months ending June 30, 2012 over same period last year, it was announced by the bank on Monday. “To properly secure customers’ and investors’ best interests, the Bank has

Shari’ah-compliant lender Al Salam Bank-Bahrain turned in a net loss of BHD 2.6 million for Q2 2012, against profits of BHD 1.4 million a year earlier. For the whole of H1 2012, the bank showed a net loss of BHD 812,000 against profits of BHD 623,000 for

The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has launched a promotion for its clients allowing them to make free foreign currency remittances. The promotion allows NBAD customers to remit money abroad at no charge during the

Commercial Bank International (CBI) reported a net profit of Dhs141.3m, up 153.7%, for the first six month period ended June 30, 2012 as compared to Dhs55.7m reported during the corresponding period in 2011. As a three month period of Q2 2012, it is also

Qatar National Bank (QNB), the largest financial institution in the State of Qatar and the MENA region, has started accepting China Union Pay (CUP) Cards on its Point Of Sales (POS). This follows an agreement that was recently signed with CUP, the

The National Bank of Abu Dhabi (NBAD) has been awarded the Best Asset Management House in Middle East by International Takaful Awards. Takaful, which awarded the accolade based on financial achievement and client survey, recognised NBAD's Asset

Ahli United Bank (AUB), one of the leading banks in Bahrain, has had its short-term credit rating raised to A-2 from A-3 by Standard & Poor's (S&P) Ratings Services and its longer-term rating has been confirmed at BBB. The rating action on AUB follows

The National Bank of Abu Dhabi, or NBAD, has appointed Michael A. Miller as the head of Investor Relations at NBAD. Miller, who has over 15 years of experience serving in strategic finance positions at global institutions, joined NBAD from Bank of New

National Bank of Fujairah, or NBF, earnings fell 4.8 per cent to Dh71.004 million in the quarter ended June 30. However, the profits surged 7.9 per cent to Dh135.4 million in the first half of the year. Net interest income rose 15.98 per cent to

Sharjah Islamic Bank first-half 2012 profits posted on 21% increase to reach Dh149.2 million, compared to 123.3 million achieved in the same period last year. The balance sheet grew by 2.2 per cent since December 2011 with total assets reaching Dh18.1

Capital Intelligence (CI), the international credit rating agency, announced that it has maintained Sharjah Islamic Bank's (SIB) Financial Strength Rating (FSR) at 'BBB+', with the Bank's solid capital adequacy ratio and good liquidity being major

National Bank of Fujairah PSC (NBF) is pleased to announce its results for the half year ended 30 June 2012. Highlights: • NBF recorded an operating profit of AED 219.0 million compared to AED 187.7 million in the corresponding period of 2011 • Results