Dubai Islamic Bank sells stake in Jordanian bank January 4, 2017

Dubai Islamic Bank (DIB), the largest Islamic bank in the United Arab Emirates, has sold its stake in Jordan Dubai Islamic Bank, it said on Wednesday, as it chases growth in fledgeling Islamic banking markets.

The Jordanian bank has quadrupled in size over the past five years, with assets of more than $1.1 billion and a network of 21 branches, DIB said in an investor presentation, and proceeds from the stake sale will be redeployed to markets where"...

Continue Reading >
Al-Etihad acquires 13% in Jordan Dubai Islamic Bank January 3, 2017

Mubasher: Bank Al Etihad announced on Tuesday the completion of acquiring 13% of Jordan Dubai Islamic Bank (JDIB), according to a bourse filing.

As per the bank’s statement to the Amman Stock Exchange (ASE), the bank also owns 23% of JDIB’s capital, owned by one of its subsidiaries, which raises Al Etihad’s stake in the Jordan Dubai Islamic Bank to 36%.


Continue Reading >