Dubai Islamic Bank
 | |
| Type | Public |
|---|---|
| Industry | Financial Services |
| Founded | 1975 |
| Headquarters | Dubai, United Arab Emirates |
| Products | Banking and insurance |
| Website | http://www.dib.ae |
The Dubai Islamic Bank is an Islamic bank in Dubai, established in 1975.
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% |
Dubai Islamic Bank (DIB), established in 1975, 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.[citation needed] DIB is a public joint stock company, and its shares are listed on the Dubai Financial Market. The bank currently operates 62 branches in the UAE.
DIB is involved in local and international partnerships, having established DIB Pakistan Limited, a wholly owned subsidiary which has a network of 75 branches across 27 major cities in Pakistan. DIB also has a representative office in Turkey, and has received a preliminary banking licence by the Central Bank of Jordan to operate as an Islamic financial institution through a new entity - Jordan Dubai Islamic Bank.
See also
References
External links
- www.dib.ae - official website for Dubai Islamic Bank