Business Blog

Dubai Islamic Bank (DIB), the largest sharia-compliant lender in the emirate, posted a doubling in first-quarter net profit on Thursday.

Dubai Islamic Bank (DIB), the largest sharia-compliant lender in the emirate, posted a doubling in first-quarter net profit on Thursday.

Dubai Islamic Bank (DIB), the largest sharia-compliant lender in the emirate, posted a doubling in first-quarter net profit on Thursday.

(Adds futures, news)LONDON, May 1 (Reuters) - Britain&aposs FTSE 100 .FTSE index is seen opening 5 points higher, or 0.07 percent, according to financial bookmakers. Futures for the index FFIc1 are up 0.2 percent by 0639 GMT.* The UK blue chip index closed 0.2 percent higher at 6,780.03 points in the previous session after hitting an intraday peak of 6,794.88, the highest level since early March.*

TOKYO, May 1 (Reuters) - Japanese shares rallied on Thursday, helped by a record closing high in the Dow Jones Industrial Average and solid earnings from brokerage firms such as Nomura Holdings, and some manufacturers. Relief after the Bank of Japan...

Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), and Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad (BTMUM) signed a Memorandum of Understanding (MoU) to form a joint strategic collaboration to tap potential and opportunities in the constantly evolving Islamic finance industry especially in the ICD's member