The sharia- compliantlender also received approval from its board to explore the possible acquisition of unlisted Noor Bank.
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Dubai Islamic Bank, the emirate's biggest shariah- compliantlender, declined 1.2 percent.
3
Kuwait Finance House, a sharia- compliantlender, could be involved in Equate's sukuk issue alongside its international relationship banks, said one source.
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Sharia compliantlender Dubai Islamic Bank ended down 2.3%, while Emirates NBD Bank lost 0.9%.
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On Monday, the sharia- compliantlender said it had raised its foreign ownership limit to 40% from 25%.
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Dubai's main share index rose 1.6%, with sharia- compliantlender Dubai Islamic Bank and Emirates NBD Bank both up 1.8%.
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Qatar's blue-chip index edged up 0.2 percent, lifted by a 1.9 percent gain in its largest sharia- compliantlender Qatar Islamic Bank.
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Dubai Islamic Bank PJSC, the biggest Shariah- compliantlender in the United Arab Emirates, led the advance with a 3.7 per cent increase.
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The largest sharia- compliantlender in the emirate agreed a 650 million dirham ($177 million) deal with the British bank last month.
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Dubai's index fell 0.3% with the country's largest sharia- compliantlender Dubai Islamic Bank and Dubai Investments shedding 0.9% and 1.5%, respectively.
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Barwa Bank is a sharia- compliantlender with assets worth 28.65 billion riyals as of last September, according to the latest financial statement on its website.
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The Gulf state's largest sharia- compliantlender by assets, Qatar Islamic Bank slid 0.3 percent despite reporting a 19 percent hike in its fourth-quarter net profit.