Feb 02 2011
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DIB continues expansion with two new Dubai branches
Bank's UAE-wide network reaches 68 branches
The new branches, both in Dubai, are located in the Al Mamzar area and in Etihad Mall in Al Muhaisnah.
"As the pioneer of Shariah compliant banking, Dubai Islamic Bank is leading from the front in the growing popularity of Islamic Banking," said Dr. Adnan Chilwan, Deputy CEO - Chief of Consumer and Wholesale Banking, Dubai Islamic Bank . "The increase in our customer base which is now touching 1.2 Million is clearly reflective of this growing popularity and the success of our strategic vision for growth. The two new branches will support the growth plans of our business in 2011."
Dubai Islamic Bank ( DIB ), established in 1975, is the first Islamic bank to have incorporated the principles of Islam in all its practices and is the largest Islamic bank in the UAE. DIB is a public joint stock company, and its shares are listed on the Dubai Financial Market. The bank enjoys a reputation as a leader and innovator in maintaining the quality, flexibility and accessibility of its products and services. The bank currently operates 68 branches in the UAE.
DIB has been proactive in creating partnerships and alliances at both the local and international level. The bank has established DIB Pakistan Limited, a wholly owned subsidiary which has a network of 36 branches across 16 major cities in Pakistan. DIB has also started operations in Jordan, with the establishment of Jordan Dubai Islamic Bank
has won the respect of its peers around the world for many years, and its leading position has been reaffirmed by the 34 awards that it has won in 2008 and 24 accolades in 2009, across diversified areas, including retail, corporate and investment banking. The bank's most recent awards include "Best Islamic Bank in UAE" for the fifth consecutive year by Islamic Finance News, "Best Islamic Bank in UAE" by Asiamoney magazine, and "Best Islamic Finance Bank" by NY-based Global Finance magazine.
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