Commenting on DIB’s focused approach to Emiratization, Group Chief Executive Officer, Dr. Adnan Chilwan, said: “At DIB, Emiratization has been a key element of the bank’s philosophy and we believe it to be the main driver for future growth. Our goal is to foster the next generation of leaders and we remain fully aligned with the UAE’s ‘Projects of the 50’ to boost Emiratization in the private sector. DIB’s strategy of supporting the development of local talent places significant importance on recruitment, development, reward, and retention. We are particularly proud of our achievement in strengthening the position of Emirati women, regionally and internationally by helping to promote the UAE as among the most advanced countries in the area of women’s empowerment.
Dr. Adnan further added: “We strongly believe that young Emiratis should be encouraged to join the private sector; particularly banking, which offers an engaging and dynamic career, awash with opportunities to grow and learn. We value the UAE’s wise leadership, which continues to introduce more progressive legislations, and initiatives that strengthen the nation’s human capital and we remain fully committed to remaining at the forefront of empowering Emirati talent to reach their full potential.”
Uniquely, DIB has made a significant shift from the traditional quantitative method of recruiting UAE nationals to a more a targeted, qualitative strategic approach that focuses on the future development of individual employees in key roles. By avoiding a ‘one size fits all approach’ to personal development, the Bank is valuing human capital over human resources, and this has resulted in numerous UAE Nationals securing leadership positions within the bank.
Its successful Emiratization strategy, built on a longstanding legacy of supporting the development of individual Emiratis is founded on a series of tailored training and development programs:
Critical role: A customized development journey for UAE nationals, this program assesses an individual’s capabilities in order to identify any gaps in behavioral and technical abilities. The outcomes from the assessment allow individuals to create a customized development journey directed specifically to grooming them for future critical roles.
High Potential Program: A structured development program for those who have been identified as exceptionally talented. The program brings a group of highly committed individuals together on a year-long developmental journey that includes learning events and blended training solutions that challenge the participants and increase their competence.
Leadership Development: A customized leadership program catering to the unique skills of leaders at DIB that identifies best practice and internal skill gaps in order to prepare our leaders to lead in a VUCA world (volatility, uncertainty, complexity and ambiguity).
Get Inspired Motivational Talks: One of the key initiatives launched by DIB this year as part of its Emiratization agenda to inspire Emiratis and help in engaging their minds and hearts in such a way that motivates them to think more clearly, see opportunities, and keep their career moving forward.
Emirati Program: Specialized program for Emirati Fresh graduates to prepare them to work in the banking sector through developing them on the behavioral and the technical side as well.
Riyadah Program: A customized learning journey dedicated to Emirati senior leaders within the bank, consisting of three different levels bringing new learning interventions and topics that leaders need to focus on and bridge skills gap. The three months journey brings leaders from different departments to work together and enhance their skills and develop an innovative project that can add value to the organization and departments.
Qiyadah Program: A structured learning intervention for our future UAE national leaders where we focus on growing their leadership skills and prepare them for more challenging roles within the organization. The journey consists of four levels each level covers different learning interventions that will take the learners to the next leadership skills.
Tatweer Program: Focuses on young aspiring Emiratis graduates. The program is built around the essentials skills and competencies required to bring learners up to speed. Each level in the program covers important milestones in learners’ development journey to enable them add greater value to their role and the organization’s growth.
Another specific DIB initiative is “Iktaseb”, a summer training program for young UAE nationals which has successfully launched the careers of hundreds of young UAE nationals, and it remains a key part of DIB’s extensive corporate social responsibility efforts.
DIB’s efforts have seen them receive numerous human resources development accolades for their continued efforts in nurturing the young Emirati population. Recently, the bank was recognized by EIBFS for its outstanding performance and valuable contribution towards EIBFS Emiratization initiatives.
Dubai Islamic Bank’s achievements were also recognized recently at the Middle East Banking Innovation Summit where they were presented with the ‘Women Empowerment Excellence Award’ for their efforts in promoting a diverse working environment that champions women and has a true focus on achieving gender equality at every level of the business.
About Dubai Islamic Bank:
Established in 1975, Dubai Islamic Bank is the largest Islamic bank in the UAE by assets and a public joint stock company listed on the Dubai Financial Market. Spearheading the evolution of the global Islamic finance industry, DIB is also the world’s first full service Islamic bank and the second largest Islamic bank in the world. With Group assets in excess of USD 80bln and market capitalization of nearly USD 9bln, the group operates with a workforce of more than 10,000 employees and around 500 branches in its vast global network across the Middle East, Asia and Africa. Serving over 3 million customers across the Group, DIB offers an increasing range of innovative Shariah compliant products and services to retail, corporate and institutional clients.
In addition to being the first and largest Islamic bank in the UAE, DIB has a significant international presence as a torchbearer in promoting Shari’ah-compliant financial services across a number of markets worldwide. The bank has established DIB Pakistan Limited, a wholly owned subsidiary which is the first Islamic bank in Pakistan to offer Priority & Platinum Banking, as well as the most extensive and innovative portfolio of Alternate Distribution Channels. The launch of Panin Dubai Syariah Bank in Indonesia early in 2017 marks DIB’s first foray in the Far East, the bank owns a nearly 25% stake in the Indonesian bank. Additionally, in May 2017, Dubai Islamic Bank PJSC was given the license by the Central Bank of Kenya (CBK) to operate its subsidiary, DIB Kenya Ltd. DIB has been designated as D-SIB (Domestic Systemically Important Bank) in 2018 in UAE. In early 2020, DIB completed the acquisition of Noor Bank, which solidifies its position as a leading bank in the global Islamic finance industry.
The Bank’s ultimate goal is to make Islamic finance the norm, rather than an alternative to conventional banking worldwide. DIB has won a range of accolades that are testament to these efforts across diversified areas, including retail, corporate and investment banking, as well as CSR and consultancy services. DIB has been named the Best Islamic Bank in various prestigious ceremonies and recognized for its outstanding performance amongst the world’s Islamic Banks, marking it a clear indication of the bank’s leadership position in the Islamic finance sector.
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© Press Release 2021