Dubai Islamic Bank

Dubai Islamic Bank (DIB), established in 1975, is the world’s first full-service Islamic bank and the largest Islamic bank in the United Arab Emirates by assets.

It was founded under the vision of His Highness Sheikh Rashid bin Saeed Al Maktoum, the then Ruler of Dubai, and Haj Saeed bin Ahmed Al Lootah. The bank’s establishment marked a historic milestone as it pioneered the application of Islamic banking principles in modern commercial finance, offering Sharia-compliant financial products and services.

Initially headquartered in Deira, Dubai, DIB has grown significantly over the decades to operate more than 90 branches across the UAE and to expand its footprint internationally in markets like Pakistan, Jordan, Sudan, Turkey, Kenya, and Bosnia.

DIB offers a comprehensive range of banking services including personal, corporate, and investment banking, all designed to comply with Islamic law. It has launched various innovative products and services such as Emirates REIT, the UAE’s first real estate investment trust, and has played a key role in landmark sukuk issuances, including the largest sovereign sukuk globally.

In addition, DIB has specialized divisions like Johara for ladies banking and Wajaha for wealth management catering to high-net-worth clients. The bank reflects a commitment to social responsibility and sustainability through initiatives like the Emirati Mentoring Program and charitable foundations.

Listed on the Dubai Financial Market, Dubai Islamic Bank has maintained strong financial performance, with its assets and profitability consistently growing.

The bank is governed by a Sharia Supervisory Board ensuring all its operations adhere to Islamic jurisprudence. DIB’s leadership emphasizes innovation, customer experience, and technological advancement, underpinning its status as a leading global Islamic financial institution.

Its ongoing mission is to advance Islamic banking and finance both within the UAE and worldwide, blending tradition with modern banking practices and contributing significantly to the development of the Islamic finance industry.