Dubai Islamic Bank
 | |
| Public | |
| Industry | Regional banks |
| Founded | 1975 |
| Headquarters | Dubai, United Arab Emirates |
Key people |
H.E Mohammed Al Shaibani, Chairman, Board of Directors Dr. Adnan Chilwan, GCEO |
| Products | Banking and insurance |
Number of employees | 4,233[1] |
| Website |
www |
The Dubai Islamic Bank (DIB) is an Islamic bank in Dubai, established in 1975. It is the first Islamic bank to have incorporated the principles of Islam in all its practices and is the largest Islamic bank in the UAE.[2]
Bank
Established in 1975, Dubai Islamic Bank is the largest Islamic bank in the UAE by assets and a public joint stock company listed on the Dubai Financial Market. Spearheading the evolution of the global Islamic finance industry, DIB is also the world’s first full service Islamic bank and the third largest Islamic bank in the world. The Bank currently operates 90 branches across the UAE, is present in seven markets worldwide and is expanding its global footprint to further grow and develop the industry. Serving close to 1.7 million customers, DIB offers its growing consumer base an increasing range of innovative Sharia compliant products and services.
In addition to being the first and largest Islamic bank in the UAE, DIB has a significant international presence as a torchbearer in promoting Shari’ah-compliant financial services across a number of markets worldwide. The bank has established DIB Pakistan Limited, a wholly owned subsidiary which is the first Islamic bank in Pakistan to offer Priority & Platinum Banking, as well as the most extensive and innovative portfolio of Alternate Distribution Channels. The launch of Panin Dubai Syariah Bank in Indonesia early in 2017 marks DIB’s first foray in the Far East, the bank owns a nearly 40% stake in the Indonesian bank. Additionally, in May 2017, Dubai Islamic Bank PJSC was given the license by the Central Bank of Kenya (CBK) to operate its subsidiary, DIB Kenya Ltd.
The Bank’s ultimate goal is to make Islamic finance the norm, rather than an alternative to conventional banking worldwide. DIB has won a range of accolades that are testament to these efforts across diversified areas, including retail, corporate and investment banking, as well as CSR and consultancy services. A clear indication of the bank’s leadership position in the Islamic finance sector, DIB named the Best Islamic Bank in the various prestigious ceremonies. In 2017, DIB won the coveted Global Islamic Business Award in its first edition in the region and was presented to the bank during the 23rd edition of the Business Excellence Awards Ceremony. Reflective of its leadership in the global Islamic finance industry, DIB has also been recognized with a number of accolades in 2018 including Banker Middle East Awards, Dubai Service Excellence Scheme, International Finance Magazine and Islamic Finance News Awards.
DIB Significant Subsidiaries and Associates
Dar Al Sharia: Dar Al Sharia is a Sharia legal and financial consultancy firm established in 2008.
Dubai Islamic Bank Pakistan: Dubai Islamic Bank Pakistan was established in 2006 as a fully owned subsidiary.
Panin Dubai Syariah Bank: 38.3% ownership in a Shariah compliant player in Indonesia, which has one of the largest Muslim populations in the world.
Bank of Khartoum: DIB holds a stake in Bank of Khartoum, one of the largest banks in Sudan.
Deyaar: Deyaar Development is a real estate development company established in 2002.
Bosna Bank International: Bosna Bank International was established in 2000 as the first Sharia-compliant bank in Europe.
DIB Bank Kenya Limited: License obtained from Central Bank of Kenya (CBK) in May 2017 exclusively to offer Shariah compliant banking services in Kenya.
See also
References
- ↑ "#1,027 Dubai Islamic Bank". Forbes. May 2016. Retrieved 19 January 2017.
- ↑ Solovieva, Daria (29 July 2015). "Dubai Islamic Bank Rises Most in 3 Months on Second-Quarter Net". Bloomberg. Retrieved 17 January 2017.