ila Bank’s Post

Join us to discover how to calculate Zakat for Sharjah Islamic Bank shares in year 2023.

If you are unsure whether a post dated cheque you received might be honored or not, you can find out the likelihood of the cheque bouncing with a service provided by Al Etihad Credit Bureau (AECB). This service is only available for cheques issued through UAE banks and dated within the upcoming 9 months. #ChequeBouncingPrediction #AECB #KANConsultancy

ADIB - Abu Dhabi Islamic Bank has reported a 45% growth in net profit for 2023, reaching Dh5.25 billion compared to Dh3.62 billion in 2022. The bank's Q4 2023 net profit reached Dh1.5 billion, reflecting a 29% growth compared to Q4 2022. Revenue for 2023 increased by 36% to Dh9.3 billion, driven by income diversification and growth across all business segments. The cost-to-income ratio improved to 32.9%, a 2.0 percentage point improvement from the previous year. ADIB also announced a dividend of 71 fils per share, equivalent to 49% of net profit. Total assets increased by 14% to Dh193 billion, with customer deposits rising by 14% to Dh157 billion. Gross customer financing increased by 6% to Dh120.2 billion. The bank maintained a strong capital position with a common equity tier 1 ratio of 12.2% and a total capital adequacy ratio of 16.8%. The eligible liquid asset ratio was 21.0%, comfortably within regulatory requirements. #UAE #Abudhabi #Islamic #Bank #Net #Profit

Hi.. I am writing to seek some guidance and attention of people who can help , regarding an issue someone, is currently facing with DIB Dubai Islamic Bank. The individual concerned previously resided in Dubai and recently returned on a visit visa. During her absence, her DIB account was closed, and the bank issued her a manager's cheque for the remaining balance. Upon attempting to encash the cheque at DIB branches, she was informed by branch managers that they can only transfer the amount to another DIB account holder or another bank account in her name, and they cannot provide the money to her in cash. The problem is she currently does not have any other bank account in the UAE, and cannot open a new one as she is on visit visa. She also doesn't want to transfer the amount to another DIB account holder because of the personal risk involved. This situation raises concerns about the legality of withholding her funds and imposing such conditions on encashment. I would like to inquire: 1. Is it legally permissible for DIB (Dubai Islamic Bank) to retain her funds and impose these conditions on encashment? 2. Does the Central Bank of the UAE allow such practices by any bank? I believe it doesn't but would like to confirm. Central Bank of The UAE Knowledgeable insights and guidance would be greatly appreciated, as I seek to understand the options she has to access her rightful funds (lifes savings). Tag those who can help. #UAEBanking #CustomerRights #FinancialServices #BankingRegulations

In recognition of its exceptional achievements and pioneering roles in delivering the best banking services and facilities to customers from individuals and corporates, Bank Muscat , the leading financial service provider in the Sultanate of Oman, has been listed within Forbes’ 30 most valuable banks in the Middle East for 2024 based on the market value. This achievement represents a milestone of success added to the Bank’s track record of achievements throughout its journey of over 40 years, emphasizing the Bank’s pioneering position and stance of excellence in customer service in the country. The selection of Bank Muscat as one of the valuable banks in the GCC within Forbes’ rating came according to the criteria set by the institution, including the financial performance of the previous year, market value, the size of sales, assets, and profits, in addition to the prominent role the rated institution plays in service delivery and product development. #Al_Bayan_Magazine #البيان #مجلة_البيان . . . . . #Finance #Financial_Magazine #Business_Magazine #Insurance_Media #Banking_Media #Best_Business_Magazine #Real_Estate_Magazine #Tourism #Construction #Top_Arab_Banks #Top_Insurance_Companies #Insurance_Companies_Rating #Banks_Results #Insurance_and_Reinsurance #Insurtech #Blockchain #Digital_Transformation #ROI #Ratio #Gitex #WTM #FAIR #GAIF #سوق_السفر_العربي #سوق_السفر_العالمي #الشمول_المالي #مجلة_مالية

I am writing this post to raise awareness and seek urgent resolution regarding an ongoing issue I’ve been facing with Dubai Islamic Bank (DIB). Over a month ago, DIB charged me double the amount for my monthly loan installment. Since then, I have been tirelessly trying to resolve this matter through various channels. I contacted DIB’s customer service and waited for 32 minutes on the call, but never received a response. I sent an email to Contactus@dib.ae, yet still no resolution was provided. I visited the Sharjah branch near Sharjah Stadium, where I registered a complaint. The customer service representative assured me the issue would be resolved, and the amount would be released within 24 to 48 hours. Unfortunately, that never happened. As a result of DIB holding this amount without explanation, another bank has charged me cheque bounce fees due to insufficient funds in my account. This has caused me undue stress, financial loss, and frustration. I am deeply disappointed with the lack of accountability and response from DIB. It is unacceptable that when a customer is even 1 dirham short for any installment, they are charged penalty fees of 250-300 AED, but when the bank holds a customer’s money without any valid reason, there is no satisfactory explanation or resolution. If this issue is not resolved soon, I will be left with no choice but to escalate the matter to the Central Bank of the UAE. I hope this matter gets the urgent attention it deserves. #DIB #DubaiIslamicBank #CustomerService #BankingIssues #UAE

Ajman Bank Shifts Focus: Reduces Stakes, Prioritizes Asset Quality Ajman Bank reduces stakes in ADX and DFM-listed firms, focusing on asset quality. No immediate plans for further public stock participation, says bank representative. Read more: https://bit.ly/3IpLvkH #globalbusinessoutlook #ajmanbank #assetquality #stockmarket #investmentstrategy #financialnews #uae #banking #businessstrategy

Abu Dhabi Commercial Bank Dear ADCB Team I am writing to express my deep frustration and disappointment with the way my request to list my company with ADCB has been handled. It has now been over a month since I initiated the process, and despite my repeated follow-ups, I have not received any concrete update on the status of my application. Every time I contact your sales representatives, I am given vague excuses with no clear explanation as to the cause of the delay. While I understand that such processes can take time, the lack of transparency and communication from your end has been very discouraging. This delay has severely impacted my financial planning and has hindered my ability to secure a loan, which in turn has affected my business dealings and commitments. Furthermore, the lack of clarity has strained my trust in your services. I would appreciate it if you could provide me with a clear explanation for the delay and an update on when I can expect my company to be listed. I also urge your team to maintain better communication with clients moving forward, as this situation has not only affected my business but also eroded my trust in your bank. I hope to receive a prompt and satisfactory response from your side.

Excellent move toward mobile tap payment. Goodbye to ATM cards and contactless cards. Now, the challenge is implementing and adopting retail methods for this kind of payment. #oman #omanvision2040 #mobilepayment #tapmobile #tappay

ADIB - Abu Dhabi Islamic Bank has reported a 45% growth in net profit for 2023, reaching Dh5.25 billion compared to Dh3.62 billion in 2022. The bank's Q4 2023 net profit reached Dh1.5 billion, reflecting a 29% growth compared to Q4 2022. Revenue for 2023 increased by 36% to Dh9.3 billion, driven by income diversification and growth across all business segments. The cost-to-income ratio improved to 32.9%, a 2.0 percentage point improvement from the previous year. ADIB also announced a dividend of 71 fils per share, equivalent to 49% of net profit. Total assets increased by 14% to Dh193 billion, with customer deposits rising by 14% to Dh157 billion. Gross customer financing increased by 6% to Dh120.2 billion. The bank maintained a strong capital position with a common equity tier 1 ratio of 12.2% and a total capital adequacy ratio of 16.8%. The eligible liquid asset ratio was 21.0%, comfortably within regulatory requirements. #UAE #Abudhabi #Islamic #Bank #Net #Profit