Dubai Islamic Bank

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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[edit]

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. Adnan Chilwan is the bank president.

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[edit]

References[edit]

External links[edit]

  • www.dib.ae - official website for Dubai Islamic Bank