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The Dubai Islamic Bank is an Islamic bank in Dubai, established in 1975.
[edit] Financial Information
| Figure |
2004 |
2003 |
2002 |
| Total Assets |
30,613,361 |
22,778,319 |
19,587,790 |
| Shareholder's Equity |
2,687,419 |
1,548,180 |
1,473,986 |
| NIAT |
461,003 |
234,456 |
159,798 |
| Dividends |
NA |
150,000 |
100,000 |
| Assets Growth |
34.40% |
16.23% |
27.81% |
| Earning Growth |
96.64% |
46.72% |
4.77% |
Since 2005, DIB has been the majority-owner (60%) of Bank of Khartoum, and since 2006, a minority owner in the newly founded Emirates and Sudan Bank in Khartoum. In 2008 Emirates and Sudan Bank will merge into Bank of Khartoum, and DIB's ownership of the merged entity, Bank of Khartoum, will drop to 28%. Dubai Islamic Bank also has a 100% owned real estate development and management subsidiary, Deyaar, as well as an islamic real estate financing subsidiary, Tamweel.[1]
[edit] References
[edit] External links
- www.dib.ae - official website for Dubai Islamic Bank
