Dubai Islamic Bank
Encyclopedia : D : DU : DUB : Dubai Islamic Bank
The 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 a 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 is now one of the world’s fastest-growing economic sectors, comprising close on 200 institutions responsible for assets estimated at more than $200 billion. Following the capital increase conducted in 1998, the Government of Dubai became one of the major shareholders controlling 30% of the bank. The branch network included 9 offices in 1998, in addition to the headquarters. By 2002 the number of branches rose to 16
Services
- Retail Banking
- Private Banking
- Johara Banking
- Business Banking
- Corporate Banking
- Investment Banking
- Real Estate
- Sharia Board
Financial Information
| Figure | 2004 | 2003 | 2002 |
|---|---|---|---|
| Total Assets | 30,613,361 | 22,778,319 | 19,587,790 |
| Shareholder's Equity | 2,687,419 | 1,548,180 | 1,473,986 |
| NIAT | 461,003 | 234,456 | 159,798 |
| Dividends | NA | 150,000 | 100,000 |
| Assets Growth | 34.40% | 16.23% | 27.81% |
| Earning Growth | 96.64% | 46.72% | 4.77% |
External links
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