Dubai Islamic Bank
 | |
| Public | |
| Industry | Financial Services |
| Founded | 1975 |
| Headquarters | Dubai, United Arab Emirates |
| Products | Banking and insurance |
| Website | http://www.dib.ae |
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.[1]
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. Adnan Chilwan is the Bank President while HE Mohammed Al Shaibani is the Chairman of the Board of Directors.
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.
Financial Information
| Figure | 2013 | 2012 | 2011 |
|---|---|---|---|
| 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% |
Pakistan
Dubai Islamic bank owns Dubai Islamic Bank Pakistan Limited (DIBPL). This bank is based in Pakistan and is one of the leading banks specialising in Islamic banking.[2] The bank commenced operations in 2006.
Dubai Islamic Bank's CEO is Junaid Ahmed who was previously part of the Dubai Islamic Bank International division. He has been serving as CEO of DIB Pakistan since 2010.
External links
- www.dib.ae - official website for Dubai Islamic Bank
References
- ↑ "DIB Largest Bank". Retrieved 23 Apr 2015.
- ↑ DUBAI ISLAMIC BANK PAKISTAN LTD