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DIB opens new branch in Dubai Mall, 70th in UAE

Total Dubai branch network reaches 32

Bank focuses on strategic branch expansion, especially in malls

Dubai Mall branch opening increases bank's in-mall network to 8

Dubai, October 4, 2011: In line with its commitment to customer convenience, Dubai Islamic Bank ( DIB ) announced today the opening of its newest branch, located in The Dubai Mall , bringing the bank's UAE-wide network to a total of 70 branches. The new branch, DIB 's 32nd in Dubai, offers customers a full suite of banking services.

DIB continues to implement its strategy to open more branches in malls, where customers can conveniently combine banking with shopping activities. The opening of the bank's Dubai Mall branch is its second in-mall launch in just one month - following the recent opening of the DIB branch in Sahara Centre in Sharjah - raising the bank's total in-mall network to 8.

"We are proud to have reached the milestone of 70 branches across the UAE, through the establishment of this partnership with an iconic destination like The Dubai Mall ," said Dr. Adnan Chilwan, Deputy CEO - Chief of Consumer and Wholesale Banking, Dubai Islamic Bank .

"We are continuously evolving our service offering with the changing trends in the UAE, by opening strategically located mall branches. As we move forward with our extremely successful strategy, we will further expand our branch network and range of self service banking solutions," he said. "This customer-focused strategy continues to reflect in the sustained growth that DIB has experienced over the past few years."

Nasser Rafi, Chief Executive Officer, Emaar Malls Group, said: "We are committed to bringing the entire spectrum of lifestyle experiences and services to The Dubai Mall . In line with our focus on attracting leading brands, we are therefore delighted to partner with Dubai Islamic Bank , and to welcome them to The Dubai Mall ."

"We are very pleased to announce the opening of our new branch at The Dubai Mall , the world's largest shopping and entertainment destination," said Rashid Mahboob, Head of Mass Market, Dubai Islamic Bank .

"Based on its popularity with UAE residents and with over 47 million visitors last year alone," Mahboob said. " The Dubai Mall was a natural choice for Dubai Islamic Bank as we continue to expand our branch network at leading destinations in the emirate and across the UAE."

-Ends-

About Dubai Islamic Bank :
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 70 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 64 branches across 26 major cities in Pakistan. DIB has also started operations in Jordan, with the establishment of Jordan Dubai Islamic Bank

DIB has earned the respect of its peers around the world for many years, and its leading position has been reaffirmed by the 79 local, regional and international accolades that it has won between 2008 and 2010. DIB has won awards across diversified areas, including retail, corporate and investment banking, as well as CSR and consultancy services. The bank's most recent awards include being named "Best Islamic Bank in UAE" for the fifth consecutive year by Islamic Finance News, "Best Islamic Bank" in the UAE for 2010 by NY-based Global Finance magazine, "Best Islamic Bank in the UAE" by Asiamoney magazine, and being named winner of the first-ever Pan-Arab emeafinance award for corporate social responsibility.

For further information, please contact:
Liam Turner / Nicholas Nesson
ASDA'A Burson-Marsteller
Dubai, UAE
Tel: 971-4-4507600
Fax: 971-4-4358040
E-mail: l.turner@asdaa.com / n.nesson@asdaa.com

© Press Release 2011