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Emirates NBD
Emirates NBD Bank PJSC is Dubai's government-owned bank and is one of the largest banking groups in the Middle East in terms of assets. History and profile Emirates NBD was initially formed as National Bank of Dubai (NBD) on 19 June 1963 by then Dubai's ruler Sheikh Rashid bin Saeed Al Maktoum, forming the first national bank established in Dubai. NBD merged with Emirates Bank International (EBI) on 6 March 2007, to form Emirates NBD. On 16 October 2007, the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM). On 1 December 2012 Dubai Bank was acquired by Emirates NDB. As of 31 December 2020, total assets were AED 698 billion, deposits of AED 464 billion, the total income of AED 23.21 billion, and a net profit of AED 7 billion. The Group has operations in the UAE, Egypt, India, Saudi Arabia, Singapore, the United Kingdom, and representative offices in China and Indonesia. On October 7, 2022, Emirates NBD Bank PJSC sold 86,316,964 ordinary shares o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not ( unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dubai Bank
Dubai Bank was an Islamic bank based in Dubai, UAE. The bank was launched in September 2002 and transformed into Shari’a-compliant financial institution with on 1 January 2007. Dubai Bank was part of the Dubai Group, a Dubai Holdings company. On 1 December 2012 the bank was acquired by Emirates NDB. History The bank increased its capital to AED 1.50 Billion in 2007 and was on an expansion spree, and had total assets of AED 14.4 billion. The bank as of the end of 2007 had 15 branches spread across UAE and had more aggressive plans in 2008 including opening another 10 branches. As per the pre orders from the Ruler of Dubai on 11 October 2011, Emirates NBD Emirates NBD Bank PJSC is Dubai's government-owned bank and is one of the largest banking groups in the Middle East in terms of assets. History and profile Emirates NBD was initially formed as National Bank of Dubai (NBD) on 19 June 1963 by the ... was set to take over Dubai Bank. There were no financial details avai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emirati Companies Established In 1963
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Emirati may refer to: *pertaining to the country of United Arab Emirates *the people of the United Arab Emirates, see Emiratis *Emirati culture The Culture of the United Arab Emirates is part of the culture of Eastern Arabia. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of The United Arab Emirates
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Listed On The Dubai Financial Market
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial pe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1963
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In The United Arab Emirates ...
This is a list of banks in the United Arab Emirates. List of National Banks List of Foreign Banks (including wholesale banks) See also * List of banks in the Arab world References External links Central Bank of the U.A.E.: Commercial Banks and Representative Offices in UAE{{Asia topic, List of banks in * United Arab Emirates Banks United Arab Emirates The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia ( The Middle East). It is located at t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Noor Bank
Noor Bank (formerly Noor Islamic Bank) was established in January 2008, in Dubai - United Arab Emirates. In 2018, the bank was ranked the 11th largest bank in the UAE in terms of asset size. Noor Bank is a full-service Shari’a-compliant bank, offering a range of products and services - in corporate and personal banking, wealth management, Takaful (Islamic insurance), treasury and trading. It has presence across the country, at multiple locations in Abu Dhabi, Dubai, Sharjah and Al Ain. In addition to the Board of Directors, Noor Bank is also supervised by a Shari’a Supervisory Committee, and a team of scholars oversee and ensure Islamic compliance on all legal documentations, financial, products, services and banking matters. History Sheikh Mohammed bin Rashid Al Maktoum opened Noor Bank to the public on January 7, 2008. The bank's products and services are governed by a Shari’a Board, composed primarily of Islamic scholars from the fields of law and finance. Noor Bank i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islamic Banking
Islamic banking, Islamic finance ( ar, مصرفية إسلامية), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic banking/finance include '' Mudarabah'' (profit-sharing and loss-bearing), ''Wadiah'' (safekeeping), ''Musharaka'' (joint venture), ''Murabahah'' (cost-plus), and ''Ijara'' ( leasing). Sharia prohibits '' riba'', or usury, defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to ''riba''). Investment in businesses that provide goods or services considered contrary to Islamic principles (e.g. pork or alcohol) is also '' haram'' ("sinful and prohibited"). These prohibitions have been applied historically in varying degrees in Muslim countries/communities to prevent un-Islamic practices. In the late 20th century, as part of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tanfeeth
Tanfeeth is a shared business services company located in Dubai, United Arab Emirates. The company is a subsidiary of Emirates NBD. Tanfeeth is the first large-scale shared services organization in the Gulf Cooperation Council. The company's name means "getting the job done" in Arabic. Tanfeeth was founded in November 2011. As of October 2018, the company has approximately 3200 employees. History In September 2011, Emirates NBD, the largest bank by assets in the United Arab Emirates, established Tanfeeth, a fully owned back-office subsidiary in an effort to improve its customer service and operational efficiency. At the time, Emirates NBD appointed Suhail Bin Tarraf as CEO of Tanfeeth, and the company had 700 employees located in Dubai, and Sharjah. Tanfeeth absorbed all of Emirates NBD's back office operational teams between 2011 and 2013, and signed three additional client deals in 2013. The company began providing call center management services for a government authority, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
JS Bank
JS Bank Limited (JSBL) () is a Pakistani commercial bank headquartered in Karachi, Pakistan. The bank is a prominent majority-owned subsidiary of JS Group. The bank was established in April 2007 as a result of the merger of two mega corporates, Jahangir Siddiqui Investment Bank Limited and American Express Bank. In 2021, the bank had a total revenue of and closed the year with total assets of . JS Bank Limited currently operates branches across Pakistan as well as an international branch in Manama, Bahrain. The Pakistan Credit Rating Agency Limited (PACRA) maintains the long-term entity rating of JS Bank Limited (JSBL) to ‘AA-(Double A Minus). Meanwhile, short-term entity rating is maintained at ‘A1+’ (A One Plus). History JS Bank origins began with the acquisition of Citicorp Investment Bank Limited by Jahangir Siddiqui & Co. Limited on the 1st of February 1999 to form Jahangir Siddiqui Investment Bank Limited (JSIBL). JSIBL had a 60% stake in Citicorp giving it ownershi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BankIslami
BankIslami Pakistan LTD. () is a Pakistani Islamic bank based in Karachi, Pakistan. It has 340 branches in 114 cities in Pakistan. It is the first Islamic commercial bank to receive the Islamic banking license under the Islamic banking policy of 2003 from the State Bank of Pakistan on March 31, 2005. The bank started its operations on 7 April 2006 and offers shariah-compliant retail banking, investment banking, consumer banking, and trade finance products. The bank intends to focus on wealth management as the core area of business and plans to soon launch proprietary products and integrated financial planning services. The bank has a nationwide presence. Its branch network consists of 343 branches and sub-branches spread over 125 cities in Pakistan. With the amalgamation of KASB on May 7, 2015, all 104 branches of KASB have become part of BankIslami’s branch network. BankIslami is now the 11th largest banking network in the country with 317 branches in 93 cities nationwide. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
