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ISLAMIC FINANCE

DIB says it is open to acquiring other banks as part of expansion strategy
April 15, 2019

Dubai Islamic Bank, the biggest Sharia-compliant lender in the emirate, said it is looking at acquisitions among other options as part of its expansion strategy amid reports it is considering a takeover of a rival lender.

'Dubai Islamic Bank regularly looks at opportunities to support expansion of its activities, including acquiring other financial institutions,' DIB said in a statement"...

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Islamic insurance demand prompts higher premiums
April 2, 2019

Global demand for Islamic insurance, also know as takaful, is growing, helping premiums to rise and supporting profitability, Moody’s Investors Service says in a report published Monday.

“We expect premiums to keep growing moderately in the next 2-3 years, and the industry will benefit from improved regulation,” said Mohammed Ali Londe, AVP-Analyst at Moody’s. “Takaful insurers’ profitability should stabilize in 2018"...

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