Dubai Islamic Bank PJSC (DIB) is the largest Islamic bank in the UAE and the world’s first full-service Islamic bank. Established in 1975 by Saeed Bin Ahmed Lootah, DIB operates across several segments:
- Consumer Banking: Provides individual customers with Murabaha, Salam, Home Finance, Ijara, Credit Cards, funds transfer services, as well as priority banking and wealth management.
- Corporate Banking: Offers financing, credit facilities, deposits, current accounts, and cash management services to corporate and institutional clients.
- Treasury: Manages liquidity and market risks for the bank and provides treasury services to customers, running a Sukuk and specialized financial instruments book.
- Real Estate Development: Engaged in property development and real estate investments through a subsidiary.
- Others: Includes international business, properties, and other activities not covered in the above segments.
DIB is at the forefront of global Islamic finance, serving 1.7 million customers across 90 branches in the UAE and operating in seven international markets.
Significant Subsidiaries and Associates
- Dar Al Sharia: Sharia-compliant legal and financial consultancy.
- Dubai Islamic Bank Pakistan: A fully owned subsidiary established in 2006.
- Panin Dubai Syariah Bank: Holds 38.3% in this Sharia-compliant bank in Indonesia.
- Bank of Khartoum: Stake in one of Sudan’s largest banks.
- Deyaar Development: A real estate development company founded in 2002.
- Bosna Bank International: The first Sharia-compliant bank in Europe, established in 2000 in Sarajevo, Bosnia.
- DIB Bank Kenya Limited: Established to offer Sharia-compliant banking services in Kenya since 2017.
Financial Performance
In 2022, Dubai Islamic Bank posted a net profit of AED 5.6 billion, reflecting its strong performance and leadership in the Islamic banking sector.
Country of Incorporation
United Arab Emirates (UAE)
Incorporation Date
September 29, 1979
Business Sector
Banking & Investment Services
Company Address
7th Floor, New DIB Head Office Tower A, P.O. Box 1080, Dubai, UAE
