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01 january 2014
Home > Issuers > Listed Securities > Securities > Company Profile Page

Emirates Islamic Bank PJSC

EIB
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  • Market: DFM
  • Symbol: EIB
  • ISIN: AEE000501016
  • Sector: Banks

Company Brief

Country of Origin: United Arab Emirates (U.A.E)

Emirates Islamic Bank formerly Middle East Bank (the “Bank”) was incorporated by a decree of His Highness the Ruler of Dubai as a conventional Bank with limited liability in the Emirate of Dubai on 3rd of October 1975. The Bank was re-registered as a Public Joint Stock Company in July 1995 and is regulated by Central Bank of United Arab Emirates.

At an extraordinary general meeting held on 10th of March 2004, a resolution was passed to transform the Bank’s activities to be in full compliance with the Islamic Sharia’. The entire process was completed on 9th of October 2004 (the “Transformation Date”) when the Bank obtained UAE Central Bank and other UAE authorities’ approvals. The Bank is a subsidiary of Emirates NBD PJSC, Dubai (the “Group Holding Company”). The ultimate parent company of the Group Holding Company is Investment Corporation of Dubai, the company in which the Government of Dubai is the major shareholders. The Bank is listed at Dubai Financial Market.

Key Facts

ESTABLISHED

Oct 4, 1975

AUDITOR

Ernst & Young

FISCAL YEAR END

DECEMBER

REGISTRAR

Lubna Qassim

Board Members

CHAIRMAN

Mr. Hesham Abdulla Al Qassim

DEPUTY

Mr. Buti Obaid Buti Al Mulla

MEMBERS

Mr. Ali Humaid Ali Abdulla Al Owais
Mr. Mohamed Hamad Obaid Khamis Al Shehi
Mr. Mohamed Hadi Ahmed Abdulla Al Hussaini
Mr. Shoaib Mir Hashim Khoory
Mr. Shayne Keith Nelson

Top Management

Deputy CEO

Mr. Abdulla Showaiter

GM Retail

Mr. Faisal Aqil

CEO

Mr. Jamal Saeed Bin Ghalaita

Group Company Secretary
Mr. Hamad Khalaf Al Hosani

Equity Profile

DATE OF LISTING

May 21, 2005

SECTOR

Banks

AUTHORIZED CAPITAL

5,430,421,875 AED

ISSUED SHARES

5,430,421,875.00

PER VALUE SHARE

1.00 AED

Subsidiaries

 

EMIRATES NBD PJSC 99.89 %

Contact Details

Head Office

Essa Al Gurg Building - Port saeed - Dubai

Address

P.O. Box:6564 Essa Al Gurg Building - Port saeed Dubai- U.A.E.

Phone No.

+9714 2280777

Fax No.

+9714 2272172

Email address

Lubnaqassim@emiratesnbd.com

Website

http://www.emiratesislamicbank.com

Showing Last 10 Disclosures - EIB View all
EIB 21-04-2017 11:15 AM

Financial statements for the 1st QTR of 2017

1 File(s)
EIB 19-04-2017 08:22 AM

Press release regarding financial results for the 1st QTR of 2017

1 File(s)
EIB 19-04-2017 08:21 AM

Results of BOD meeting including interim condensed consolidated financial statements for the 1st QTR of 2017

2 File(s)
EIB 13-04-2017 08:13 AM

BOD meeting

1 File(s)
EIB 13-02-2017 08:26 AM

Resolutions of General Assembly

1 File(s)
EIB 18-01-2017 08:56 AM

Invitation of General Assembly

1 File(s)
EIB 16-01-2017 08:55 AM

Press release regarding its financial results for the year of 2016

1 File(s)
EIB 16-01-2017 08:53 AM

Results of BOD meeting including consolidated financial statements for the year of 2016

2 File(s)
EIB 13-01-2017 09:07 AM

Resolutions of General Assembly

1 File(s)
EIB 11-01-2017 08:42 AM

Announces its BOD meeting

1 File(s)
Showing Last 10 Issuer News - EIB View all
No data could be found.
Showing Last 10 Financial Reports - EIB View all
EIB 21-04-2017 11:15 AM

Financial statements for the 1st QTR of 2017

1 File(s)
EIB 31-12-2016 10:30 AM

Financial statements for the year of 2016

1 File(s)
EIB 30-09-2016 10:30 AM

Financial statements for the 3rd QTR of 2016

1 File(s)
EIB 30-06-2016 10:30 AM

Financial statements for the 2nd QTR of 2016

1 File(s)
EIB 01-05-2016 10:42 AM

Financial statements for the 1st QTR of 2016

1 File(s)
EIB 31-03-2016 12:42 AM

Financial statements for the year of 2015

1 File(s)
EIB 27-10-2015 03:03 AM

Financial statements for the 3rd QTR of 2015

1 File(s)
EIB 15-07-2015 04:00 AM

Financial statements for the 2nd QTR of 2015

1 File(s)
EIB 22-04-2015 03:30 AM

Financial statements for the 1st QTR of 2015

1 File(s)
EIB 04-02-2015 04:00 AM

Financial statements for the year 2014

1 File(s)
Showing Last 10 General Meetings - EIB View all
Meeting Date/TimeFeb 12, 2017 04:02:00 PMType of MeetingGeneral Assembly
Net Profit/Loss106,000,000Cash Dividend
Bonus Share
Announcements/Resolutions
  1. RESOLVED that the Directors’ Report for the year ended31 December 2016 is hereby approved.  

  2. RESOLVED that theAuditors’ Report for the year ended 31 December 2016 is hereby approved.

  3. RESOLVED that the Fatwa & Sharia Supervisory Board Report for the year ended 31 December 2016 is hereby approved.                                  

  4. RESOLVED that theConsolidated Financial Statements of Emirates Islamic Bank for the year ended31 December 2016 is hereby approved.

  5. RESOLVED that the Board of Directors and the auditors are hereby absolved fromresponsibility for the year ended 31 December 2016.

  6. RESOLVED that Messrs. Ernst & Young be appointed as Auditors of the Bank until theconclusion of the next Annual General Meeting, to audit the accounts of Emirates Islamic Bank (P.J.S.C.) for theyear 2017.


Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueEmirates NBD Head Office
1 File(s)
Meeting Date/TimeOct 20, 2016 09:00:00 AMType of MeetingGeneral Assembly
Net Profit/Loss0Cash Dividend
Bonus Share
Announcements/Resolutions

1. RESOLVED that the proposed increase in the authorized share capital of the Bank from AED 5,000,000,000.00 (five billion) to AED 10,000,000,000.00. (ten billion), subject to obtaining the approvals required under applicable law and regulation, be and is hereby approved.


2. RESOLVED that the issue and allotment of 1,500,000,000 (one billion, five hundred million) new shares at a nominal value of AED 1.00 each, subject to obtaining the approvals required from the Central Bank of the United Arab Emirates (the "Central Bank") and SCA under applicable law and regulation, be and is hereby approved.


3. RESOLVED that the amendment of the Memorandum & Articles of Association of the Bank to reflect the increase in the total issued share capital of the Bank from AED 3,930,421,875 to AED 5,430,421,875 as a result of the issue of the New Shares at a nominal value of AED 1.00 each, subject to obtaining the approvals required under applicable law and regulation be and is hereby approved.


4. RESOLVED to authorize the Board of Directors to implement the resolutions in coordination with the authorities.

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueEmirates NBD Head Office Bldg
1 File(s)
Meeting Date/TimeFeb 15, 2016 04:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss641 MillionCash Dividend
Bonus Share
Announcements/Resolutions

1) Resolved that the Directors’ Report for the year ended 31December 2015 is hereby approved.

2) Resolved that the Auditors’ Report for the year ended 31December 2015 is hereby approved.

3) Resolved that the Fatwa & Sharia Supervisory Board Report for the year ended 31 December 2015 is hereby approved.

4) Resolved that the Consolidated Financial Statements of Emirates Islamic Bank for the year ended 31 December 2015 is hereby approved.

5) Resolved that the Board of Directors and the Auditors are hereby absolved from responsibility for the year ended 31 December 2015.

6) Resolved that the following Directors are hereby elected until the conclusion of the Annual General Meeting to be held in the year 2019:

-  Mr.Hesham Abdulla Al Qassim

-  Mr. ButiObaid Buti Al Mulla

-  Mr.Shoaib Mir Hashim Khoory

-  Mr.Mohamed Hamad Obaid Al Shehi

-  Mr.Mohammad Hadi Ahmad Al Hussaini

-  Mr. AliHumaid Ali Al Owais

-  Mr.Shayne Nelson

7) Resolved that Messrs. Ernst & Young be appointed as Auditors of the Bank until the conclusion of the next Annual General Meeting, to audit the accounts of Emirates Islamic Bank for the year 2016.

Special Resolution:

8) Resolved that the amendment of the Company’s Memorandum& Articles of Associations to comply with the Provisions of the Federal Law No. 2 of 2015 is hereby approved subject to applicable regulatory approvals.

 

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueEmirates NBD Head Office
1 File(s)
Meeting Date/TimeMar 04, 2015 04:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss364 millionCash Dividend
Bonus Share
Announcements/Resolutions1. Resolved that the Board of Directors’ Report for the year ended 31st December 2014 is hereby approved.
2. Resolved that the Auditors’ Report for the year ended 31st December 2014 is hereby approved.
3. Resolved that the Fatwa & Sharia Supervisory Board Report for the year ended 31st December 2014 is hereby approved.
4. Resolved that the Consolidated Financial Statements of Emirates Islamic Bank for the year ended 31st December 2014 is hereby approved.
5. Resolved that the Board of Directors and the Auditors are hereby  absolved from responsibility for the year ended 31st December 2014.
6. Resolved that Messrs. Ernst & Young be appointed as Auditors of the Bank until the conclusion of the next Annual General Meeting, to audit the accounts of Emirates Islamic Bank for the year 2015.
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueEmirates NBD Bank Head Office, 16th Floor
1 File(s)
Meeting Date/TimeMar 04, 2014 04:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss140 millionCash Dividend
Bonus Share
Announcements/Resolutions1. Resolved that the Directors report, Auditors report and Fatwa & Sharia Supervisory Board Report for the year ending 31/12/2013 are hereby approved.
2. Resolved that the Consolidated Financial statement of the bank for the year ending 31/12/2013 is hereby approved.
3. Resolved that the appointment of Mr. Ali Humair Al Owais, and Mr. Shayne Keith Nelson as Directors to replace resigned Directors, H.E Abudlla Sultan Al Owais and Mr. Richard Anthony Pudner, and to hold the office for remainder of the period until the conclusion of the Annual General Meeting of the year 2015 is hereby ratified.
4. Resolved that the Board of Directors and the Auditors be absolved from responsibility of the year ended 31/12/2013
5. Resolved that the Boad of Directors be and are hereby granted approval in terms of Article 108 of UAE Federal Law No. 8 of 1984 (as amended) to participate in other businesses engaged in banking and financial businesses be and hereby approved.
6. Resolved that Messr. Ernest & Young be appointed as Auditors of the Bank until the conclusion of the next Annual General Meeting, to audit accounts of the bank for the year 2014 at an Audit fee no exceeding AED 470,000 (Aed Four Hundred Seventy Thousnad).
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueEmirates NBD Head Office, Dubai
1 File(s)
Meeting Date/TimeDec 19, 2012 12:00:00 PMType of MeetingExtraordinary Meeting
Net Profit/Loss(448,552,000)Cash Dividend
Bonus Share
Announcements/Resolutions
  1. To increase the capital from AED 2.4 billion to AED 3.9 billion by issuing 1.5 billion shares of one dirham each.

  2. Amendment to Article due to capital increase.

  3. To authorize the board of directors to implement the resolutions by coordination with the authorities.  

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueThe head office of the Emirates NBD Bank
1 File(s)
Meeting Date/TimeMar 22, 2012 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss(448,552,000) AEDCash DividendN/A
Bonus ShareN/A
Announcements/ResolutionsApproved the Board of Directors report on the activity of the bank and its financial position for the financial year ended 31/12/2011, as well as on the report of the bank's auditors for the same period - Adoption of the Report of the Fatwa and Sharia Supervisory Board - Approved the consolidated financial statements of the Bank for the financial year ended 31/12/2011 - Give the approval to members of the Governing Council under Article 108 of the Federal Law on Commercial Companies of the UAE No. (8) for the year 1984 to participate in activities related to banking and finance - Discharge of the members of the board of directors and auditors of the responsibility for the financial year ended December 31, 2011 and the appointment of auditors of the Company for the year 2012
Last Date For Dividend EntitlementN/AEx-Dividend DateN/A
Register Closing (Settlement) DateN/ATrading Suspension Date22/03/2012
Trading Resuming Date22/03/2012Dividends Payment Date
Payment EntityMeeting VenueHead Office of the Bank, Office Tower, 13th floor, Dubai Festival City, Dubai
1 File(s)
Meeting Date/TimeMar 22, 2011 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/LossAED 61,262,000Cash Dividend
Bonus Share
Announcements/Resolutions- Approved Directors and auditor’s report for the year ended 31/12/2010 - Approved on the consolidated financial statements for the year ended 31/12/2010 - Absolved the members of the Board of Directors and the auditors from responsibilities for the year ended 31/12/2010 – Approved to appoint auditors for the Financial Year 2011 - Approved Sharia’ Board report - Approved the Election of Board of Directors for the next three years
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date22/03/2011
Trading Resuming Date23/03/2011Dividends Payment Date
Payment EntityMeeting VenueBank’s head office
Meeting Date/TimeJul 11, 2010 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/LossAED 130,794,000Cash Dividend
Bonus Share5%
Announcements/Resolutions-Approved to distribute 5% bonus shares
Last Date For Dividend Entitlement19/07/2010Ex-Dividend Date20/07/2010
Register Closing (Settlement) Date21/07/2010Trading Suspension Date11/07/2010
Trading Resuming Date12/07/2010Dividends Payment Date 21/07/2010
Payment EntityMeeting VenueDubai Festival City
Meeting Date/TimeMar 22, 2010 11:00:00 AMType of MeetingExtraordinary Meeting
Net Profit/LossAED 130,794,000Cash Dividend
Bonus Share
Announcements/Resolutions- Approved on the Ministry of Finance’s agreement regarding transfaring Bank’s Capital
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date22/03/2010
Trading Resuming Date23/03/2010Dividends Payment Date
Payment EntityMeeting VenueBank’s head office
Top ShareholdersLast Refreshed at:
  • Article of Association - 0001

Foreign Investments View all
National GCC Arab Other Nationalities
Country of Origin Actual Permitted Actual Permitted Actual Permitted Actual Permitted As of Date:
United Arab Emirates 100% 100% 0% 0% 0% 0% 0% 0% 28-06-2017
Showing Last 10 Corporate Governance Reports - EIB View all
No data could be found.
Showing Corporate Actions - EIB View all
Year2010Corporate Action TypeBonus Shares
Last Date For Action Entitlement7/19/2010Ex-Dividend Date7/20/2010
Register Closing (Settlement) Date7/21/2010Trading Suspension Date7/11/2010
Trading Resuming Date7/12/2010Run (Effective) Date7/21/2010
Corporate Action DetailsIssue bonus shares in the ratio of (05%) activated as agreed at the Annual General Meeting held on 11/07/2010
Year2009Corporate Action TypeBonus Shares
Last Date For Action Entitlement3/25/2009Ex-Dividend Date3/26/2009
Register Closing (Settlement) Date3/29/2009Trading Suspension Date3/17/2009
Trading Resuming Date3/18/2009Run (Effective) Date3/30/2009
Corporate Action DetailsIssue 30% bonus shares as agreed at the AGM held on 17/3/2009 leading the number of outstanding shares to reach1,214,687,500
Year2008Corporate Action TypeBonus Shares
Last Date For Action Entitlement3/30/2008Ex-Dividend Date5/1/2008
Register Closing (Settlement) Date5/4/2008Trading Suspension Date4/22/2008
Trading Resuming Date4/23/2008Run (Effective) DateNot Available
Corporate Action DetailsIssue bonus shares in the ratio of (25%) activated as agreed at the Annual General Meeting held on 22/04/2008
Year2008Corporate Action TypeCapital Increase
Last Date For Action Entitlement3/30/2008Ex-Dividend Date5/1/2008
Register Closing (Settlement) Date5/4/2008Trading Suspension Date4/22/2008
Trading Resuming Date4/23/2008Run (Effective) Date5/4/2008
Corporate Action DetailsIncrease the bank's capital to 565,625,000 as EGM decision dated 22/04/2008
Year2007Corporate Action TypeBonus Shares
Last Date For Action Entitlement3/27/2007Ex-Dividend Date3/28/2007
Register Closing (Settlement) Date3/29/2007Trading Suspension Date3/20/2007
Trading Resuming Date3/21/2007Run (Effective) Date3/29/2007
Corporate Action DetailsIssue bonus shares in the ratio of (15%) activated as agreed at the Annual General Meeting held on 20/03/2007. Number of shares becomes 747,500,000
Disclaimer
  • Ownership percentage is subject to change based on several reasons including the following:
    1. Trading activity.
    2. Off-Market Transactions such as family and inheritance transfers.
    3. Changes in the nationality status of investors.
    4. Securities deposits and withdrawals to and from DFM for Dual listed companies.
    5. Capital increase by issuing new shares to a strategic investor.
    6. Converting Bonds into shares.
    7. Equity added to the equity of the associated group.
    8. Direct Deals.

 

Percentages are updated daily after 4 pm
Disclaimer
The above published Ownership Percentages:
  • Are updated daily at the end of every trading day based on date of trade and not settlement date.

  • The ownership percentages are rounded off to 2 decimal places

  • Ownership percentages are subject to change due to the following:

    1. Trading activities.

    2. Off-Market Transactions such as family and inheritance transfers.

    3. Changes in the nationality status of investors.

    4. Securities deposits and withdrawals to and from DFM for Dual listed companies.

    5. Capital increases, by issuing new shares to Strategic investor

    6. Converting bonds or Sukuk into shares.

    7. Changes of associated group’s ownership.

    8. Direct Deals. (The ownership percentage is changed immediately after the execution of the deal).

    9. Failed trade settlement.


DISCLAIMER

The information provided in this document is only available in Arabic due to the (Dubai court attestations only being in Arabic herein after referred thereto as (“Information”) is provided by way of general information and comment only. While reasonable care has been taken in producing this Information, changes in circumstances may occur at any time and may impact on the accuracy of the Information. The Information does not constitute professional advice or provision of any kind of services and should not be relied upon as such.  Dubai Financial Market (“DFM”) and/or its affiliates, officers or employees,  does not give any warranty or representation as to the accuracy, reliability, timeliness or completeness of the Information now or in the future. DFM shall not be liable for any loss suffered, directly or indirectly by any person acting in reliance upon the Information contained herein. 


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