The Dubai Islamic Bank (DIB) is an Islamic bank in

Dubai Dubai (Help:IPA/English, /duːˈbaɪ/ Help:Pronunciation respelling key, ''doo-BYE''; Modern Standard Arabic, Modern Standard Arabic: ; Emirati Arabic, Emirati Arabic: , Romanization of Arabic, romanized: Help:IPA/English, /diˈbej/) is the Lis ...

, established in 1975 by Saeed Bin Ahmed Lootah. It is the first

Islamic Islam is an Abrahamic religions, Abrahamic monotheistic religion based on the Quran, and the teachings of Muhammad. Adherents of Islam are called Muslims, who are estimated to number Islam by country, 2 billion worldwide and are the world ...

bank in the world to have incorporated the principles of Islam in all its practices and is the largest Islamic bank in the

United Arab Emirates The United Arab Emirates (UAE), or simply the Emirates, is a country in West Asia, in the Middle East, at the eastern end of the Arabian Peninsula. It is a Federal monarchy, federal elective monarchy made up of Emirates of the United Arab E ...

Bank

Established in 1975, Dubai Islamic Bank is the largest Islamic bank in the

UAE The United Arab Emirates (UAE), or simply the Emirates, is a country in West Asia, in the Middle East, at the eastern end of the Arabian Peninsula. It is a federal elective monarchy made up of seven emirates, with Abu Dhabi serving as i ...

by assets and a public joint-stock company listed on the

Dubai Financial Market The Dubai Financial Market (DFM) () is a stock exchange located in Dubai, United Arab Emirates. It was founded on 26 March 2000. Overview , there are 67 companies listed on DFM. Most of them are United Arab Emirates, UAE-based companies and a fe ...

. 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.

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 on 19 October 2000 in

Sarajevo Sarajevo ( ), ; ''see Names of European cities in different languages (Q–T)#S, names in other languages'' is the Capital city, capital and List of cities in Bosnia and Herzegovina, largest city of Bosnia and Herzegovina, with a population of 2 ...

, BiH 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.

Services

Dubai Islamic Bank offers corporate, as well as, personal, SME, and priority banking services all across Pakistan. With a variety of accounts, DIB gives its users access to conventional cash management, online payments, business financing, and saving services.

Financial performance

For the year 2022, Dubai Islamic Bank (DIB) has posted a group net profit of AED 5.6 billion.

References

External links