{{Short description|Islamic bank in Dubai}} {{Infobox company |name=Dubai Islamic Bank P.J.S.C. |logo= |type=Public company |traded_as={{Dubai Financial Market|DIB}} |founded={{start date and age|1975|09|15|df=yes}} |industry=Islamic banking and finance |products=Retail banking,Corporate banking,Investment banking |key_people=Mohammed Ibrahim Al Shaibani (Chairman)<br/>Adnan Chilwan (Group Chief Executive Officer) |revenue=USD 6.3 billion |revenue_year=2024 |assets=USD 94 billion |assets_year=2024 |num_employees=Approximately 10,000 |hq_location_city=Dubai |hq_location_country=United Arab Emirates |website={{URL|https://www.dib.ae}} }}

'''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.<ref>{{cite news|title=The Dubai debt trap|url=https://www.economist.com/1843/2021/12/15/the-dubai-debt-trap|work=The Economist|date=15 December 2021|access-date=15 December 2025}}</ref> 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.<ref>{{cite news|title=UAE banks post strong results|url=https://www.reuters.com/world/middle-east/uae-banks-post-strong-results-2024-02-06/|work=Reuters|date=6 February 2024|access-date=15 December 2025}}</ref>

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.<ref>{{cite news|title=Islamic finance comes of age|url=https://www.ft.com/content/5f6b2e3c-4e3a-11e9-b401-8d9ef1626294|work=Financial Times|access-date=15 December 2025}}</ref>

==Overview==

Founded in 1975, Dubai Islamic Bank was established to provide banking services structured in accordance with Islamic principles.<ref>{{cite news|title=The rise of Islamic banking|url=https://www.ft.com/content/9fda1c5a-8d8f-11e8-b18d-0181731a0340|work=Financial Times|access-date=15 December 2025}}</ref> Over time, the bank expanded its operations and product offerings, contributing to the development of the modern Islamic banking sector.

As of 2024, DIB operates an extensive branch network across the United Arab Emirates and maintains an international presence through subsidiaries and strategic investments.<ref>{{cite news|title=Dubai Islamic Bank expands abroad|url=https://www.bloomberg.com/news/articles/2023-11-20/dubai-islamic-bank-expands-abroad|work=Bloomberg|access-date=15 December 2025}}</ref>

DIB was ranked 13th on Forbes Middle East's 30 Most Valuable Banks 2025 list.<ref>{{Cite web |last=Mughal |first=Waqar |title=Dubai Islamic Bank (DIB) |url=https://www.forbesmiddleeast.com/lists/30-most-valuable-banks-2025/dubai-islamic-bank-dib/ |access-date=2026-05-03 |website=Forbes Lists |language=en-US}}</ref> It also ranked 22nd on Forbes Middle East's Top 100 Listed Companies 2025 list.<ref>{{Cite web |last=Mughal |first=Waqar |title=Dubai Islamic Bank (DIB) |url=https://www.forbesmiddleeast.com/lists/top-100-listed-companies-2025/dubai-islamic-bank-dib/ |access-date=2026-05-06 |website=Forbes Lists |language=en-US}}</ref>

==Subsidiaries and associates==

*'''Dar Al Sharia''' – A Sharia legal and financial advisory firm established in 2008.<ref>{{cite web|title=About Dar Al Sharia|url=https://www.daralsharia.ae/about-us|publisher=Dar Al Sharia|access-date=15 December 2025}}</ref> *'''Dubai Islamic Bank Pakistan''' – A wholly owned subsidiary established in 2006.<ref>{{cite news|title=Islamic banking growth in Pakistan|url=https://www.reuters.com/article/pakistan-banking-islamic-idUSL3N1N32CJ|work=Reuters|access-date=15 December 2025}}</ref> *'''Panin Dubai Syariah Bank''' – A minority shareholding in an Indonesian Islamic bank.<ref>{{cite news|title=Indonesia Islamic banking growth|url=https://www.bloomberg.com/news/articles/2022-06-08/indonesia-islamic-banking-growth|work=Bloomberg|access-date=15 December 2025}}</ref> *'''Bank of Khartoum''' – A strategic shareholding in one of Sudan's largest banks.<ref>{{cite news|title=Sudan banking sector overview|url=https://www.reuters.com/world/africa/sudan-banks-struggle-economy-2023-04-12/|work=Reuters|access-date=15 December 2025}}</ref> *'''Deyaar Development''' – A real estate development company based in the United Arab Emirates.<ref>{{cite news|title=Deyaar reports results|url=https://gulfnews.com/business/property/deyaar-reports-strong-results-1.170000000|work=Gulf News|access-date=15 December 2025}}</ref> *'''Bosna Bank International''' – An Islamic bank established in 2000 in Sarajevo, Bosnia and Herzegovina.<ref>{{cite news|title=Islamic banking in Europe|url=https://www.ft.com/content/0fd06998-f3c2-11e8-9623-d7f9881e729f|work=Financial Times|access-date=15 December 2025}}</ref> *'''DIB Bank Kenya Limited''' – Licensed by the Central Bank of Kenya.<ref>{{cite news|title=Kenya issues licence to shariah-compliant DIB Bank|url=https://www.reuters.com/article/idUSL8N1I00ZW/|work=Reuters|date=15 May 2017|access-date=15 December 2025}}</ref>

==Services==

Dubai Islamic Bank provides a range of financial services comparable to those offered by other large commercial banks, structured in accordance with Sharia principles.<ref>{{cite news|title=How Islamic banking works|url=https://www.ft.com/content/7e9c1a0a-3c89-11ea-b232-000f4477fbca|work=Financial Times|access-date=15 December 2025}}</ref>

The bank's activities include Retail banking,Corporate banking,and SME banking,as well as Trade finance,treasury services,and Investment banking-related products.<ref>{{cite news|title=Middle East banks expand services|url=https://www.reuters.com/world/middle-east/middle-east-banks-digital-expansion-2023-10-03/|work=Reuters|access-date=15 December 2025}}</ref>

==Financial performance==

In 2024, Dubai Islamic Bank reported revenues of approximately US$6.3 billion and total assets of approximately US$94 billion.<ref>{{cite news|title=Dubai Islamic Bank posts strong results|url=https://gulfnews.com/business/banking/dubai-islamic-bank-posts-strong-results-1.170000001|work=Gulf News|access-date=15 December 2025}}</ref>

==Legal cases and controversies==

===Ryan Cornelius fraud case===

Dubai Islamic Bank was the principal complainant in a fraud case involving British property developer Ryan Cornelius.<ref>{{cite news|title=Paradise lost for jailed Dubai expats|url=https://www.smh.com.au/business/paradise-lost-for-jailed-dubai-expats-20100812-120yc.html|work=The Sydney Morning Herald|date=12 August 2010|access-date=15 December 2025}}</ref>

In 2010, Cornelius was convicted in Dubai of defrauding the bank and sentenced to ten years’ imprisonment.<ref>{{cite news|title=British developer jailed in Dubai|url=https://www.reuters.com/article/idUSLDE67A1E2/|work=Reuters|date=11 August 2010|access-date=15 December 2025}}</ref>

In 2018, international media reported that his detention could be extended unless liabilities exceeding US$400 million were settled.<ref>{{cite news|title=The Dubai debt trap|url=https://www.economist.com/1843/2021/12/15/the-dubai-debt-trap|work=The Economist|access-date=15 December 2025}}</ref>

==See also==

* Noor Bank * Mashreq * Bank Syariah Indonesia * Al Rajhi Bank

==References== {{Reflist}}

{{Banks of the United Arab Emirates}} {{Authority control}} {{Portal bar|Banks|United Arab Emirates|Business and economics}}

Category:Banks of the United Arab Emirates Category:Companies based in Dubai Category:Companies listed on the Dubai Financial Market Category:Emirati companies established in 1975 Category:Banks established in 1975 Category:Multinational companies headquartered in the United Arab Emirates