Dubai Islamic Bank (DIB) is an Islamic bank headquartered in Dubai, United Arab Emirates. Established in 1975 by Saeed bin Ahmed Lootah, it is widely recognised as the world’s first full-service Islamic bank.[1] The bank operates in accordance with Sharia principles across all its activities and is the largest Islamic bank in the United Arab Emirates by assets.[2]
Dubai Islamic Bank is a public joint-stock company listed on the Dubai Financial Market and is regarded as a leading institution within the global Islamic finance industry.[3]
Overview
Founded in 1975, Dubai Islamic Bank was established to provide banking services structured in accordance with Islamic principles.[4] Over time, the bank expanded its operations and product offerings, contributing to the development of the modern Islamic banking sector.