About Dubai Islamic Bank
Dubai Islamic Bank (DIB) was founded in 1975 and is widely regarded as the world's first full-service Islamic bank. Headquartered in Dubai and listed on the Dubai Financial Market, it has grown into the largest Islamic bank in the UAE and one of the largest in the world.
DIB provides Shariah-compliant banking for individuals, businesses and government entities. Retail customers can use accounts, cards, home finance, car finance and personal finance products structured according to Islamic principles. Corporate clients access financing, trade services, treasury and investment banking.
Islamic banking avoids interest and instead uses structures such as cost-plus sales, leasing and partnerships. DIB's long history has made it a pioneer in developing these products and helped establish Dubai as a centre for Islamic finance.
Over the years, DIB has grown through organic expansion and acquisitions, including the integration of Noor Bank, another Dubai Islamic bank, in 2020.
The bank has invested in digital banking, offering mobile and online services and digital account opening. It has also launched digital banking initiatives aimed at younger customers.
Sukuk, or Islamic bonds, are an important part of Islamic finance, and DIB has played a role in arranging and investing in sukuk issuances in the region.
The bank also has investments in banks in other countries, extending its presence beyond the UAE.
The UAE is one of the most important Islamic finance markets in the world, and Dubai has promoted itself as a global hub for the Islamic economy.
Dubai Islamic Bank is an established institution rather than a startup, and Startups UAE includes it for its pioneering role in Islamic finance.
DIB provides Shariah-compliant banking for individuals, businesses and government entities. Retail customers can use accounts, cards, home finance, car finance and personal finance products structured according to Islamic principles. Corporate clients access financing, trade services, treasury and investment banking.
Islamic banking avoids interest and instead uses structures such as cost-plus sales, leasing and partnerships. DIB's long history has made it a pioneer in developing these products and helped establish Dubai as a centre for Islamic finance.
Over the years, DIB has grown through organic expansion and acquisitions, including the integration of Noor Bank, another Dubai Islamic bank, in 2020.
The bank has invested in digital banking, offering mobile and online services and digital account opening. It has also launched digital banking initiatives aimed at younger customers.
Sukuk, or Islamic bonds, are an important part of Islamic finance, and DIB has played a role in arranging and investing in sukuk issuances in the region.
The bank also has investments in banks in other countries, extending its presence beyond the UAE.
The UAE is one of the most important Islamic finance markets in the world, and Dubai has promoted itself as a global hub for the Islamic economy.
Dubai Islamic Bank is an established institution rather than a startup, and Startups UAE includes it for its pioneering role in Islamic finance.