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Our journey to success
Dubai Islamic Bank PJSC (DIB) is a leading global Islamic financial institution. We are among the leading Islamic banks globally, and the largest Islamic bank in the UAE, with assets valued at over USD 94 billion.
Our organisational values are the essence of our identity and define our culture. These values serve as a compass, guiding our actions and decisions in good times and challenging moments, and by articulating them, we are creating a shared sense of purpose and identity.
Who we are
What drives our success
Building a sustainable and inclusive work environment
Human capital is at the heart of our success. We are building a more balanced and inclusive organisation that promotes cultural agility, a global mindset, and diversity of experience.
Quantifying the impact of technology
Digitalisation has been at the forefront of our strategy. We recognise the pivotal role technology plays in driving innovation, enhancing efficiency, and fostering economic growth. In alignment with the UAE's vision of embracing digital transformation, we have adopted a multifaceted and comprehensive approach towards digitalisation.
A winning investment case
We have a number of distinct competitive strengths that collectively differentiate our proposition.
Yesterday...
Established in 1975 as the world's first Islamic bank.
Officially established by H.H. Shaikh Rashid on 15 September, 1975
Introduced Automated Teller Machines (ATMs) across branches
Established Sharia and Supervisory Board
Became a Public Joint Stock Company
Introduced phone banking as a key customer service initiative
Stepped into the online world with the launch of its first-ever website
Launched Al Islamic Private Banking
Launched Al Sharia consultancy subsidiary,
Dar Al Sharia
Launched Wajaha, its exclusive wealth management service
...to today
A leading global Islamic bank and the fourth largest by assets in the UAE.
40th anniversary
Introduced new corporate identity
Launched DIB Kenya operation
Launched Panin Dubai Syariah Bank in Indonesia
Capital raising through a successful rights issue over-subscribed nearly 3 times
Moved ahead on expansion with the acquisition of Noor
Bank
Launched The Digital Lab
Successfully integrated Noor Bank in record
283 days, well ahead of projected deadline
Launched new positioning for
#ReadyForTheNew
Published Sustainable Finance Framework
Successfully priced USD 750 million inaugural Sustainable Sukuk
Successfully priced its third Sustainable Sukuk at USD 1 billion
Launched SHAMS Covered Card
Fitch Ratings affirmed DIB’s Long-Term Issuer Default Rating (IDR) at 'A' with a Stable Outlook
50 years of excellence and leadership in Islamic finance
DIB’s evolution mirrors the remarkable rise of Dubai and the UAE, exemplifying the values of ambition, innovation, and a commitment to excellence.
His Excellency Mohammed Ibrahim Al-Shaibani
Director-General of His Highness The Ruler’s Court of Dubai and Chairman of Dubai Islamic Bank
Purpose – driven growth
Our trajectory at DIB is crystal clear: we are not merely chasing growth; we are pioneering purpose-driven expansion.
Dr. Adnan Chilwan
Group Chief Executive Officer
Dubai Islamic Bank
Operational snapshot of 2024
Launched Dubai Islamic Bank’s ACCESS Auto Finance for People of Determination
Launched the SHAMS covered card in partnership with Visa
USD 3.25bn
Announced landmark transaction for GEMS Education
5.243%
Profit rate per annum
Priced USD 1 billion Sustainable Sukuk successfully
Robust and solid growth in 2024
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Awards and Achievements
MEA Finance Industry Awards 2024
- Best Islamic Digital Banking Provider
- Best Islamic Bank – UAE
- Best Sustainable Finance Initiative
- Best Sukuk Islamic Fund
- Best Sukuk Deal of the Year
MEA Business Achievement Awards 2024
- Banking and Finance – Exceptional Products/Services DIB ‘alt’
- Banking and Finance – Outstanding Sustainability Initiative Dubai Islamic Bank
- Outstanding New Product/Service Launch DIB Nest
Euromoney Awards for Excellence 2024
- UAE’s Best Bank for Diversity and Inclusion
Middle East Banking Awards 2024
- Best Sukuk House in UAE
- Best Foreign Investment Bank in Oman
- Best Product Launch in the ME (Retail) DIB Nest
MEA Finance Banking Technology Awards
- Best Digital Innovation in Islamic Banking of the Year for 'alt'
- Best Innovation in Retail Banking for EVolve
Islamic Finance News Awards
- Real Estate Deal of the Year
- Best Islamic Retail Bank
- Indonesia Deal of the Year
- Best Islamic Bank in Kenya
- Social Impact, SRI ESG Deal
- Best Islamic Bank in the UAE
- Corporate Finance Deal of the Year
- Syndicated Finance Deal of the Year
- IFN Hybrid Deal of the Year 2023
- Sovereign and Multilateral Deal of the Year
- UAE Deal of the Year
- Best Overall Deal of the Year
Capital Markets and ESG Finance Saudi Arabia Awards
- Acquisition Finance Deal of the Year
- ECA, DFI, IFI Deal of the Year
- Transport Finance Deal of the Year
- Power Finance Deal of the Year
- Corporate Bond Deal of the Year
Our Sustainability Strategic Pillars
Funding facilitated via Sustainable Sukuk
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Sustainable Sukuk issuance in February 2024
$1bn
Total Sustainable Sukuk issued since 2022
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Support for SMEs*
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Financing for Affordable Housing*
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Green Vehicle financing*
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+Lifetime-to-date value for entire program as at 31 December 2024.
Plastic bottles (500mL) saved via DIB’s Dubai Can station+
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Trees planted under One Tree for Everyone Initiative+
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Employees trained in sustainability
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Community support for approx 600,000 beneficiaries+
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+Lifetime-to-date value for entire program as at 31 December 2024.
From Dubai... to the world
We are one of the world’s largest Islamic banks, with an extensive network spanning the Middle East, Asia, and Africa.
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Strategic priorities and growth enablers
We operate in competitive markets with significant growth potential. By strategically targeting our investments, we maximise these opportunities. Our strategy and growth enablers provide us with an exciting opportunities for expansion and success.
Growth Strategy
Introducing innovative digital solutions to make banking transactions easier for our customers and be more cost effective.
Bolstering the foundations of the Bank in all areas of the business to make it safer and reduce risk.
Increasing our market share through acquisitions and organic expansion, we continue to deliver value to all stakeholders.
Constantly striving to improve operations and fulfil the expectations of all our stakeholders in a sustainable manner throughout.
Making life simpler, more transparent and cohesive for our clients to provide best-in-class customer experiences.
Introducing innovative digital solutions to make banking transactions easier for our customers and be more cost effective.
Bolstering the foundations of the Bank in all areas of the business to make it safer and reduce risk.
Increasing our market share through acquisitions and organic expansion, we continue to deliver value to all stakeholders.
Constantly striving to improve operations and fulfil the expectations of all our stakeholders in a sustainable manner throughout.
Making life simpler, more transparent and cohesive for our clients to provide best-in-class customer experiences.
Our Business Segments
Consumer Banking
Consumer Banking is the largest business area within the Group in terms of net operating income and serves most of the retail segment in the market through a broad range of retail products and services, including Auto finance, cards, home finance, personal finance as well as our green offerings.
DIB also offers a comprehensive suite of Sharia-compliant financial products and services tailored to meet the needs of small and medium enterprises including specialized business accounts, financing solutions and credit guarantee schemes designed to facilitate growth and contribute to the UAE's economic diversification objectives.
Corporate Banking
Corporate Banking is the second largest business area within the Group in terms of net operating income. The business offers a comprehensive corporate banking suite designed to meet the diverse needs of businesses in the UAE and beyond. Corporate Banking comprises of teams which are organized on both a geographic and product specific basis and manages various relationships (including large corporates, middle market, contracting finance and real estate finance companies) and is instrumental in leveraging its client relationships to cross-sell other products offered by the Group, including debt capital market and treasury product services.
Investment Banking
Investment Banking division is a leading regional and global participant in the Islamic finance markets, assisting its clients, which include sovereigns, government related entities, corporates and financial institutions, with every aspect of their funding requirements.
Treasury
Treasury is an essential part of the Bank. Treasury focuses on optimizing the use of assets, managing overall liquidity and risk, while enhancing return for the bank. Treasury provides a range of Sharia compliant products including Foreign Exchange, Profit Rate Hedging, Commodity Hedging, Fixed Income Sales (Sukuk), and Structured Investment solutions.