Deposits drop in Islamic banks, but loans surge
DhakaTribune: Loan disbursements in Shariah-based banks significantly increased despite a sharp drop in deposit collection in December and January.
According to a Bangladesh Bank report titled "Islamic Banking and Finance Statistics," loans disbursed by full-fledged Islamic banks surged by Tk10,866 crore, while their deposits decreased by Tk5,385 crore in December 2023 and January 2024.
In January alone, deposits in...
Dubai Islamic Bank sells stake in Jordan Dubai Islamic Bank
Dubai Islamic Bank (DIB), the largest Islamic bank in the United Arab Emirates, sold its stake in Jordan Dubai Islamic Bank as it chases growth in emerging Islamic banking markets.
The Jordanian bank has quadrupled in size over the past five years, with assets of more than $1.1 billion and a network of 21 branches. DIB...
