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Dubai Islamic Bank (DIB) – Introduction and background |
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Dubai Islamic Bank (DIB) is the world’s first full-service Islamic bank, the largest Islamic bank in the UAE by assets, and one of the most significant Sharia-compliant financial institutions globally, servicing retail, corporate and institutional clients.
Established by decree in 1975, DIB uses Islamic contracts to ensure it remains Sharia-compliant according to industry standard-setting authorities such as the IFSB. Offering different products and contracts to traditional interest-based banking, DIB pioneered many Islamic banking practices and continued to grow organically and by acquisition. In 2013 DIB acquired Tamweel, the UAE’s largest home finance provider and Noor Bank in 2020. DIB manages assets in excess of USD 90 billion and operates approximately 500 branches across the Middle East, Asia, and Africa.
Dubai Islamic Bank has been listed on the Dubai Financial Market (DFM) since the DFM launched in 2000, trading under the ticker symbol DIB. With a market capitalisation exceeding USD 19 billion, DIB is one of the most heavily traded stocks in the GCC.
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8th floor, CI Tower
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PO Box 93894
Abu Dhabi
United Arab Emirates
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ADS Securities L.L.C – S.P.C (“ADSS”), a limited liability company – sole proprietorship company incorporated under United Arab Emirates law. Registered under Commercial License No.1190047. ADS Securities L.L.C S.P.C is regulated and authorised in the UAE by the Capital Market Authority (CMA) under Category 1 License No.305027 (Trading Broker, Trading and Clearing Broker, Trading Broker in the International Markets, Trading Broker of OTC Derivatives and Currencies in the Spot Market, Financial Products Dealer) and Category 5 License No.20200000217 (Introduction). Registered Office: 8th Floor, CI Tower, Corniche Road, P.O. Box 93894, Abu Dhabi, United Arab Emirates.
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