Dubai Islamic Bank
Dubai Islamic Bank has the unique distinction of being the world’s first fully-fledged Islamic bank, a pioneering institution that has combined the best of traditional Islamic values with the technology and innovation that characterise the best of modern banking. Since its formation in 1975, Dubai Islamic Bank has established itself as the undisputed leader in its field, setting the standards for others to follow as the trend towards Islamic banking gathers momentum in the Arab world and internationally.
Islamic banking and finance is now one of the world’s fastest-growing economic sectors that comprise more than 400 institutions with assets under management in excess of US$ 1 trillion (US$1,000 billion).
In this context, the role of Dubai Islamic Bank is even more impressive. Yet, the bank remains true to its roots as a customer-centered organisation where close personal service and understanding form the basis of all its relationships. Tradition and heritage join with a commitment to flexibility, innovation and modernity, so that customers of every nature are provided with comprehensive solutions to all their financial needs.
Further highlighting its status as the Sharia-compliant bank of choice in the UAE, Dubai Islamic Bank (DIB) announced today that it has been named “Best Islamic Retail Bank” by the International Islamic Finance Forum.
Celebrating excellence in Islamic finance, the event was held alongside the International Islamic Finance Forum 2010 and witnessed keen participation from decision makers in the Islamic banking and finance industry.
The award, presented to DIB at an exclusive ceremony at Raffles, Dubai, is another addition to the bank’s host of industry accolades this year, following the 24 it received in 2009.“We are extremely pleased to be named ‘Best Islamic Retail Bank’ in the UAE,” said Abdulla Al Hamli, Chief Executive Officer, Dubai Islamic Bank. “As the world’s first Sharia-compliant bank, and with over 35 years of experience in the Islamic finance arena, Dubai Islamic Bank remains committed to providing innovative, relevant products and services that meet the diverse needs of needs of our customers across the UAE.
“Our most recent retail product, Al Islami Salam Finance, is an example of our ability to fulfil the requirements of our more than 900,000 customers in the UAE alone. We are grateful to the International Islamic Finance Forum for appreciating our continued efforts. ”DIB continues to be recognised by its peers for the excellence of its operations and innovative nature of its Sharia-compliant products and services. Most recently, the bank was named “Best Islamic Bank” in the UAE for 2010 by Global Finance magazine; “Best Islamic Bank in the UAE” by Asiamoney; “Best Islamic Bank in the UAE” for the fifth consecutive year by Islamic Finance News; and “Best Investment Bank” by emeafinance.