Emirates Islamic (EI), a subsidiary of ENBD, said that it plans to complete a AED1.5bn rights issue by early December according to CEO Jamal bin Ghalaita. He said that all Islamic banks have been growing their assets hence all of them have increased capital. He also stated that banks are going through Basel III and IFRS, which would require the banks to allocate more capital. He said that EI said that he was not expecting a pickup in the banking market until 2H17. (Reuters)   Emirates NBD: AED8.00 as of 10 October, Rating: Buy, FV: AED10.00 per share, MCap: USD12,115mn, EMIRATES UH / ENBD.DU