Dubai Banking Group is the global

shari'a Sharia, Sharī'ah, Shari'a, or Shariah () is a body of religious law that forms a part of the Islamic tradition based on Islamic holy books, scriptures of Islam, particularly the Quran, Qur'an and hadith. In Islamic terminology ''sharīʿah'' ...

compliant financial investor of

Dubai Group Dubai Group (Arabic: مجموعة دبي) is an Emirati investment company based in the United Arab Emirates, and a subsidiary of Dubai Holding. The company was founded in 2000 as the Investment Office, and was renamed Dubai Group in 2005. Throu ...

with assets valued at over

USD The United States dollar (symbol: $; currency code: USD) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it int ...

10 billion ( AED 36.7 billion). The group was established in 2007 when Dubai Islamic Investment Group, founded in 2004, and

Dubai Bank Dubai Bank was an Islamic bank based in Dubai, UAE. The bank was launched in September 2002 and transformed into Shari’a-compliant financial institution with on 1 January 2007. Dubai Bank was part of the Dubai Group, a Dubai Holdings company ...

, founded in 2002, consolidated their activities to form Dubai Banking Group. Dubai Banking Group's major investments include: * 100% ownership of

* 100% ownership of Dubai Tadawul, a Dubai-based private brokerage company * 51% stake in Al Fajer Re-Takaful, a closed Kuwaiti shareholding company * 40% stake in

Bank Islam Bank Islam Malaysia Berhad ( Jawi: ) is an Islamic bank based in Malaysia. It was established in July 1983. Bank Islam was established primarily to address the financial needs of the country's Muslim population and extended its services to the ...

Malaysia Malaysia is a country in Southeast Asia. Featuring the Tanjung Piai, southernmost point of continental Eurasia, it is a federation, federal constitutional monarchy consisting of States and federal territories of Malaysia, 13 states and thre ...

's oldest and largest Islamic bank * 40% stake in ACR Re-Takaful Holdings Limited, the world's largest reinsurance company * 33.33% stake in National Bonds UAE, the national Shari'a-compliant saving scheme * 18.75% stake in

BankIslami Pakistan BankIslami Pakistan Limited ( ) is a Pakistani Islamic bank based in Karachi. History BankIslami was founded on March 31, 2005. On the 26th of September 2005, Dubai Bank joined the sponsors and became one of the founding shareholders of BankIs ...

, the first bank to receive an Islamic Banking License in Pakistan

References

External links

Official websiteDubai Banking Group
Investment companies of the United Arab Emirates {{UnitedArabEmirates-stub id:Dubai Investment Group

See also

References

External links