Dubai Islamic Bank - UAE

Dubai Islamic Bank (DIB) was founded in 1975 as a fully-fledged Islamic financial institution offering a range of Sharia-compliant products and services. Today, DIB provides retail, corporate, private, consumer, and investment banking; and contracting and real estate finance.

Over the past decades the bank has expanded its presence in the UAE and currently operates 22 branches and employs 6894 staff. Most recently, the bank has joined forces with Dubai-based developer Nakheel to form a property joint venture company known as Tashyed.

The companies dedicated start-up capital of USD 544.5 million to Tashyed to undertake real estate developments across the UAE.
More about the company
Address: Dubai Islamic Bank Building, Port Saeed PO Box 1080 , Dubai, UAE

26 March 2000

DIB, Al Islami

Joint stock

12 March 1975

Public

971 4 2953000

971 4 2954111

contactus@dib.ae

www.dib.ae

Related articles

Dubai's DIB gets nod to raise foreign ownership limit

Dubai's DIB gets nod to raise foreign ownership limit

Tuesday, 15 April 2014 7:40 PM

Dubai Islamic Bank increases limit by 10% to 25% following completion of all regulatory formalities

Dubai's Emirates Reit sets IPO price range

Dubai's Emirates Reit sets IPO price range

Sunday, 23 March 2014 10:20 AM

Company, valued between $356.2m and $408.6m, will issue as many as 110.3m new shares

Dubai Islamic Bank eyes Kenya, Indonesia for expansion

Dubai Islamic Bank eyes Kenya, Indonesia for expansion

Thursday, 13 March 2014 11:14 AM

Open to M&A, joint ventures, greenfield operations, says bank's CEO

UAE's first real estate investment trust aims to raise $135m in IPO

UAE's first real estate investment trust aims to raise $135m in IPO

Tuesday, 11 March 2014 11:21 AM

Emirates REIT, which has 10 properties valued at over $333m, is set to offer shares on the Nasdaq Dubai bourse

Ashish Mehta takes top honours at Indian CEO Awards

Ashish Mehta takes top honours at Indian CEO Awards

Tuesday, 18 February 2014 11:20 AM

Indian lawyer one of 15 leaders recognised at ceremony

Dubai's DIB eyes expansion in Far East, Africa, GCC

Dubai's DIB eyes expansion in Far East, Africa, GCC

Thursday, 30 January 2014 4:29 PM

Largest sharia-compliant lender in the emirate also says it is targeting 10-15% loan growth this year

Dubai's DIB posts 66% jump in Q4 net profit

Dubai's DIB posts 66% jump in Q4 net profit

Wednesday, 29 January 2014 1:27 PM

Dubai Islamic Bank makes $141m in the three months to December 31

DIB to increase foreign ownership to 25%

DIB to increase foreign ownership to 25%

Thursday, 26 December 2013 9:53 AM

Bank raises limit from 15 per cent

Dubai Islamic Bank sues Brits for $432m

Dubai Islamic Bank sues Brits for $432m

Sunday, 8 December 2013 4:34 PM

Jailed fraudsters used fake supply contracts to dupe DIB into paying $501m, which was used to finance Dubai polo project

Dubai's DIB says Q3 net profit up 52%

Dubai's DIB says Q3 net profit up 52%

Monday, 11 November 2013 3:56 PM

Dubai Islamic Bank, the largest sharia-compliant lender in the emirate, makes $125m in quarter

Dubai's DIB says it has settled Tamweel's liabilities

Dubai's DIB says it has settled Tamweel's liabilities

Wednesday, 18 September 2013 5:26 PM

Dubai Islamic Bank says over $1bn settled two years ahead of scheduled maturity

UAE bank to offer 100% home loans

UAE bank to offer 100% home loans

Sunday, 25 August 2013 10:00 AM

Dubai Islamic Bank product for nationals comes despite new 80% cap expected

Dubai's DIB posts $113m net profit in Q2

Dubai's DIB posts $113m net profit in Q2

Sunday, 4 August 2013 2:24 PM

Dubai Islamic Bank beats analysts' estimates in second quarter of the year

Dubai's largest Islamic lender appoints new CEO

Dubai's largest Islamic lender appoints new CEO

Monday, 22 July 2013 2:36 PM

Dubai Islamic Bank announces Adnan Chilwan as its new chief executive

Tamweel set to delist from Dubai bourse

Tamweel set to delist from Dubai bourse

Monday, 8 July 2013 8:58 AM

Move by mortgage lender will pave the way for its acquisition by Dubai Islamic Bank

Dubai's DIB eyes double-digit profit growth, acquisitions

Dubai's DIB eyes double-digit profit growth, acquisitions

Wednesday, 1 May 2013 10:59 PM

World's oldest sharia-compliant lender's shares are up 43% so far this year

Mid-cap buying boosts Dubai, Gulf markets mixed

Mid-cap buying boosts Dubai, Gulf markets mixed

Sunday, 28 April 2013 4:43 PM

Dubai pushed above 2,100 points to its highest close since November 2009

Dubai Islamic Bank Q1 net profit jumps 17% in Q1

Dubai Islamic Bank Q1 net profit jumps 17% in Q1

Sunday, 14 April 2013 9:47 PM

Dubai's largest sharia-compliant lender reports $82.2 million profit

Emaar shareholders approve 10% dividend

Emaar shareholders approve 10% dividend

Tuesday, 9 April 2013 9:37 PM

Dubai's largest real estate developer saw shares rise rose 2.1 percent before shareholder meeting

Dubai bluechips lift index to highest since Nov 2009

Dubai bluechips lift index to highest since Nov 2009

Tuesday, 9 April 2013 9:11 PM

Emaar Properties, Dubai Islamic Bank and Drake and Scull enjoy significant lift


Related searches

Market Investors-Dubai Islamic Bank - UAE

Tuesday, 30 June 2009 2:20 PM

Market Investors-Dubai Islamic Bank - UAE

Dubai Islamic Bank sees full-year net profit fall to AED806m

Sunday, 13 March 2011 9:59 AM

UAE’s largest Islamic lender saw Q4 profit slump 62 percent to AED33.2m

UAE bank to offer 100% home loans

Sunday, 25 August 2013 10:00 AM

Dubai Islamic Bank product for nationals comes despite new 80% cap expected

Dubai's DIB repays $1bn loan to UAE gov't

Sunday, 7 April 2013 9:23 AM

Dubai Islamic Bank says it has repaid support given during global financial crisis in 2008

Emaar to write off Dubai Bank stake in Q2

Thursday, 19 May 2011 9:33 AM

UAE’s biggest developer had 30% stake in Islamic lender, worth around AED172m

UAE bank cuts fees for homeowners in delayed projects

Thursday, 31 March 2011 10:05 AM

Dubai Bank adjusts profit rates and issues rebates, move could squeeze other Islamic banks

Dubai mortgage firms to form Islamic bank -minister

Friday, 9 October 2009 8:42 AM

UAE state panel suggests Amlak and Tamweel be merged into Islamic bank.

Dubai Islamic Bank's Q1 profits plunge 33%

Tuesday, 28 April 2009 5:26 PM

UAE’s biggest bank complying with Islamic financial law says profits low on provisions for bad loans.

Dubai Islamic bank plans expansion across UAE

Saturday, 14 February 2009 4:38 PM

The bank will open 10 new branches, plus Express Banking centres in malls.

Dubai Islamic Bank targets growth amid global crunch

Monday, 9 March 2009 3:05 PM

Bank chiefs eye 15% increase in customer base, 10 new UAE branches by year-end.

DIB plans 10 more branches within UAE in 2011

Wednesday, 29 December 2010 5:08 PM

Dubai Islamic Bank names two deputy chief execs as part of growth strategy

Dubai Islamic Bank profit climbs 10.4%

Monday, 27 October 2008 5:06 PM

UAE's biggest Islamic lender sees net income in Q3 rise to $117.1mn, missing two analysts' forecasts.

Dubai Islamic Bank fights money laundering

Sunday, 31 August 2008 3:46 PM

New anti-money laundering system implemented across the bank's operations in UAE and Pakistan

DIB sees 11% rise in UAE customers in 2010

Wednesday, 19 May 2010 5:04 PM

Dubai Islamic Bank eyes 1m customers, plans 10 new branches by 2010 end.

Islamic bank's new war on money laundering

Sunday, 31 August 2008 2:22 PM

Dubai Islamic Bank signs deal to install new software across UAE, Pakistan operations.


Officers »
Board of Directors Position
Mohammed Ibrahim Al Shaibani
Chairman
Saleh Saeed Ahmad Lootah
Board Member
Tarek Humaid Al Tayer
Board Member
Abdulrahman Al Hareb
Board Member
Saed Mubarak Al Mehairi
Board Member
   
Sharia Board Position
Hussain Hamed Hassan
Chairman
Ali Muhieddine Al Qurra Daghi
Member
Mohammed Abdulrazzaq Al Siddiq
Member
Ajil Jassem Al Nashmi
Member
Mohammed Abdulhakim Zair
Secretary of the Board
   
Management Position
Abdulmuneim Bastaqi
Executive Vice President - Group Chief Financial Officer
Adnan Chilwan
Chief of Retail and Business Banking
Mohamed Al Nahdi
Chief of Central Operations
Mohammed Saeed Al Sharif
Executive Vice President - Financial Affairs
Ayman Kamal
Executive Vice President - Real Estate Finance
View all
Major Shareholders
Name Country
Investment Corporation of Dubai
UAE
Kuwait Finance House - Kuwait
Kuwait
This Week's Magazine »

Cover Story

Man on a mission
Now 84, Buzz Aldrin represents what, for many people, is one of America’s greatest ever achievements. The former astronaut speaks to Arabian Business about commercial space exploration, life on Mars, and why he will never be happy with being second.

Also in this issue

Subscribe Now