19/03/2018 06:05 AST

National Bank of Fujairah said on Sunday its shareholders approved 15 per cent dividend distribution at the Annual General Assembly Meeting.

This took the form of cash dividends of 7.5 per cent or Dh102.5 million and bonus shares of 7.5 per cent or Dh102.5 million of paid-up capital.

The shareholders confirmed the appointment and remuneration of the bank’s external auditors and Sharia supervisory board members for NBF Islamic for 2018. The Board of Directors’ remuneration proposal of 0.64 per cent of the net profit, after deducting all depreciation and reserves, for its members was also approved, the statement added.


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NBF retains “Best Islamic Window–UAE” Award

14/12/2017

NBF Islamic has once again taken home the coveted accolade titled “Best Islamic Window–UAE” for the second consecutive time at the Islamic Business & Finance Awards 2017.

Prevailing over f

CPI Financial

NBF joins Nasdaq Dubai’s Murabaha platform

10/12/2017

National Bank of Fujairah (NBF) has announced that it has joined Nasdaq Dubai’s Islamic financing Murabaha platform, which offers unique advantages to financial institutions and clients seeking Shari

Gulf News

Malabar Gold’s Sharia-compliant bullion facility restructured:NBF

26/11/2017

National Bank of Fujairah (NBF) today announced the completion of a Sharia-compliant bullion financing transaction with Malabar Gold.

This marks the first-ever Sharia-compliant bullion finan

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SABIC-MCC joint venture starts output

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Saudi Gazette

S&P affirms QIB rating at A-

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Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

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Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

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Doha Bank’s third Indian branch opens today

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Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

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Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News