Dubai Islamic Bank (DIB), the UAE’s leading Shariah-compliant lender, has increased its ownership in Turkey’s T.O.M. Group of Companies to 25%. This marks a rise from its earlier 20% stake, utilizing an option tied to its initial acquisition in September 2023, according to Zawya. The T.O.M. Group consists of several financial entities, including T.O.M. Katılım...
Dubai’s IFZA Free Zone has partnered with Abu Dhabi Islamic Bank (ADIB) to offer innovative financial solutions to businesses in its ecosystem. The agreement, signed during a ceremony at IFZA, aims to simplify banking processes and provide tailored services to entrepreneurs and investors. The collaboration includes streamlined account opening, customized financing, and access to ADIB’s...