DIB Wins Islamic Finance Awards.Summary: DUBAI u Dubai Islamic Bank The Dubai Islamic Bank is an Islamic bank in Dubai, established in 1975. Financial Information Figure 2004 2003 2002 Total Assets 30,613,361 22,778,319 19,587,790 Shareholder's Equity 2,687,419 1,548,180 1,473,986 NIAT 461,003 234,456 159,798 , or DIB (1) (Directory Information Base) Also called "white pages," a database of names in an X.500 system. (2) (Device Independent B , has won two accolades at the annual Asset Triple A Islamic Finance Awards 2009. DIB was recognised as the "Most Innovative Islamic Finance Deal" for Aldar Properties Aldar Properties PJSC is a real estate company in Abu Dhabi, United Arab Emirates. It releases and builds projects such as Al Raha Gardens, Yas Island, Al Gurm Resort and the Abu Dhabi Central Market (Souq). Dh3.75 billion 5-year sukuk Al-Ijarah as bookrunner and "Most Innovative Islamic Finance Deal" as joint bookrunner for DEWA's Dh3.2 billion sukuk. Aa The Triple A Islamic Finance Awards are presented by the Hong Kong-based The C Asset magazine. The Asset's annual Triple A honours are the most prestigious in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry due C to their rigorous a C ssessment process. The awards recognise institutions and individuals that have made a significant contribution to the development of the finance industry in Asia including the Middle East. "We are extremely pleased to receive such recognition for the Bank's innovative work in the Islamic finance industry," said Abdulla Al Hamli, Chief Executive Officer of DIB. The Aldar Properties transaction was the second-largest ever dirham-denominated sukuk, while the DEWA DEWA Division of Early Warning and Assessment DEWA Dubai Electricity and Water Authority DEWA Delaware Water Gap National Recreation Area (US National Park Service) sukuk was one of the largest from a government-affiliated C issuer in 2008, he added. C --business@khaleejtimes.com Copyright 2009 Khaleej Times. All Rights Reserved. Provided by Syndigate.info an Albawaba.com company |
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