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Initiative highlights bank's commitment to providing staff career development opportunities and to developing a sustainable pipeline of future leaders
Dubai - Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has announced the launch of itsHigh Potential Employee Program under the umbrella of its Masaar - the bank's talent management initiative. It has been designed to provide high-potential staff career development opportunities and to build a sustainable pipeline of leaders capable of supporting DIB's ongoing growth.
Asa bank-wide strategic initiative, the program will identify employees across different levels who not just display commitment but also the passion, aggression and intent for future leadership roles. The objective is to ensure that these individuals that display the requisite potential are recognised and provided with the appropriate and optimum development opportunities at an early stage, so that their personal and career growth is nurtured.
Speaking at the launch ceremony, Dr. Adnan Chilwan, Group CEO, DIB, said: "Over the past forty years, one of the biggest strengths for the bank has been its employees. Given the rate at which we are growing, it is critical that we identify future leaders at an early stage.This would ensure that we maintain our competitive advantage and retain quality staff, which is one of the biggest challenges in the industry. Typical of an organization that thinks long-term and is committed to out-perform the market, we endeavour to develop a strong pool of leaders across different levels of the bank who are equipped for and geared towards positively contributing to our strategic priorities and growth ambitions."
Commenting on its importance, Obaid Al Shamsi, Chief of Human Resources& Admin, DIB, said: "We have designed this program to allow us to continually identify and develop top talent for DIB's long-term success. To ensure we succeed in this endeavour, we have designed a methodical development journey that will provide the talent pool access to leadership programs; experience on key strategic projects; executive coaching; mentorship; and exposure to advice from senior management. We believe this robust process will help us build greater internal capacity; retain top talent; and drive high employee engagement levels."
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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 90 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 more than 175 branches across 56 major cities in Pakistan. DIB has also started operations in Jordan, with the establishment of Jordan Dubai Islamic Bank, and in 2014, it acquired a 24.9 percent stake in PT Bank PaninSyariah in Indonesia.
Alongside its accomplishments as a commercial organisation, DIB has always recognised its wider role in society. The bank supports the communities in which it operates through the DIB Foundation, a non-profit social, humanitarian and charitable organisation which distributes millions of dirhams to good causes at home and abroad each year.
For its contribution to both the banking industry and the wider community, DIB has earned the respect of its peers around the world. The bank's leading position has been reaffirmed by more than 165 local, regional and international accolades that it has won since 2004. DIB has won awards across diversified areas, including retail, corporate and investment banking, as well as CSR and consultancy services. Dubai Islamic Bank has been also declared the winner of the "Best Islamic Bank, UAE - 2014" by World Finance - Islamic Finance Awards 2014. DIB's notable recognitions recently included being named the "Best Regional Commercial Bank - Middle East" at the Islamic Business & Finance Awards , winning five accolades at the Banker Middle East Industry Awards 2015 as the "Best Islamic Bank"; "Best Sukuk Arranger"; "Best Islamic Retail Bank", "Best Premium Bank - UAE" and "Best Investment Bank". DIB was also recognised for its retail banking services at the Banker Middle East Product Awards 2015, where it won the accolades for "Best Islamic Card" and "Best GCC Equity Fund", as well as being chosen as the "Islamic Bank of the Year -UAE" and "Most Established Bank of the Year - UAE" at 2015 Business Excellence Awards for the second consecutive year. Earlier this year, the bank has been recognised for its expertise in arranging complex deals, winning accolades for "Murdarbah Deal of the Year"; "Ijarah Deal of the Year"; and "Pakistan Deal of the Year" at the Islamic Finance News Deal of the Year Awards 2015.
For further information, please contact:
Kanishk Mishra / Nadine Mazraani
DABO & CO
Dubai, UAE
Tel: +9714-237-8000
Email: kanishk.m@daboandco.com ; nadine.m@daboandco.com
© Press Release 2015
