Companies/Dubai Islamic Bank

Dubai Islamic Bank

First full-service Islamic bank

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Industry:Banking
Year Founded:1975
Headquarters Location:Dubai, UAE
Major Achievements:Under Dr. Chilwan’s leadership, DIB achieved strong profitability growth (150%) and expanded global reach, assets exceeding US$95 billion, and market cap over US$14 billion. The bank spearheaded landmark Islamic finance initiatives—such as a USD 750 million Ijara Sukuk issuance, wealth management platform, and national recruitment programmes—and earned spots on Forbes Middle East’s Top 500 Arab Companies.
Dubai Islamic Bank (DIB), established in 1975, holds the distinction of being the world’s first full-service Islamic bank. Headquartered in Dubai, it is the largest Islamic bank in the United Arab Emirates, offering a comprehensive range of Sharia-compliant financial services to retail, corporate, and institutional clients. Listed on the Dubai Financial Market, DIB combines deep local expertise with international best practices to provide innovative, ethical, and sustainable banking solutions. DIB’s retail banking division caters to individuals and households across the UAE, offering products such as savings and current accounts, personal finance, home and auto finance, credit cards, and digital banking services. The bank’s focus on Sharia-compliant financing ensures that all products align with Islamic principles, avoiding interest-based transactions while providing flexible and accessible solutions for everyday financial needs. DIB serves large corporates, small and medium enterprises (SMEs), and institutional clients through its corporate banking and investment banking divisions. Services include working capital financing, project and trade finance, Sukuk issuance, structured finance, and advisory solutions. The bank actively supports national economic initiatives and infrastructure projects in alignment with UAE development goals. DIB has invested heavily in digital transformation, offering advanced mobile banking, online platforms, and AI-driven services to enhance customer experience. Its digital-first strategy enables seamless transactions, account management, and access to investment and financing options anytime, anywhere. The bank is committed to responsible and sustainable finance, supporting initiatives in renewable energy, social development, and education. DIB’s corporate social responsibility programs reinforce its role as a community-focused financial institution. With over four decades of experience, a strong capital base, and an extensive branch and ATM network across the UAE, Dubai Islamic Bank remains a pioneer and leader in Islamic finance, combining tradition, innovation, and global best practices to meet the evolving needs of its customers.