Islamic banking
The bank is diversifying its financing portfolio, with total customer financing at AED36.6 billion
The issuance drew a diverse investor base, including banks and fund managers from Europe, Asia, and the Middle East
The listings comprise 10 conventional tranches and 6 additional issues categorized as green bonds and sukuk focused on sustainability
EDB will provide guarantees of up to 50 percent for the financing offered to SMEs by ADIB
The programs saw the issuance of treasury bonds worth $3.05 billion and Islamic sukuk worth $3.76 billion
Non-oil economic growth in GCC countries to remain strong in 2025 due to ambitious government economic diversification plans
Oman’s credit reaches $81.56 billion in July 2024, marking 3.8 percent yearly increase: Central Bank
Bank credit to the private sector rose by 3.4 percent to OMR26.3 billion
Banks saw a 3.2 percent rise in loans and advances, outpacing the 0.4 percent growth in deposits
Emirates Islamic's total income saw a notable 15 percent increase to AED2.7 billion while operating profits surged by 40 percent
The bank reduced Scope 1 emissions by 65 percent compared to 2022 and set 2030 emissions reduction targets for six portfolio sectors
The oversubscription highlighted the bank's financial strength and prudent management
