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Dubai Islamic Bank wins 'Credit Excellence Award' at international industry conference

Bank's Retail Credit Department recognised at leading credit, collections and risk conference in London

Award highlights bank's overall focus on international best practice risk management

Dubai, October 19, 2011: Dubai Islamic Bank ( DIB ) announced today that its Retail Credit Department has won the "Credit Excellence Award" at the world's leading credit industry conference. Reflecting DIB 's overall focus on international best practice risk management, the award, offered in the "Risk Category," was presented to the bank at a high-profile ceremony earlier this month in London. The award was received by Kazi Farook Kamal, Head of Retail Credit, DIB , on behalf of the bank.

DIB was recognised at "CCR Interactive," a credit, collections and risk conference held in association with the Marston Group. It is the largest conference in the global credit industry, making this a truly international award for DIB , the first Islamic bank and Middle East-based financial services institution to have received this prestigious accolade.

"Three years after the start of the global financial crisis, the importance of risk management has never been greater," said Abdulla Al Hamli, Chief Executive Officer, Dubai Islamic Bank . "This global award provides undisputed recognition of the excellent performance of the Retail Credit Department at Dubai Islamic Bank in implementing the very highest standard of risk management practices.

"While I am very pleased to congratulate our Retail Credit Department for receiving this award," he said, "I would also like to emphasise that risk cannot be managed by one department alone. Such success requires risk management to be a part of the culture of an organisation, and reflects the whole team's commitment to prudently manage its business."

Al Hamli concluded: "I would therefore like to congratulate the entire team at DIB for their outstanding performance, which has now been recognised on a global platform."

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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