Dubai Islamic Bank
Dubai Islamic Bank

Dubai Islamic Bank is the first Islamic bank in the world which was founded by Saeed Bin Ahmad Al Lootah and established in 1975 in Dubai. It started operations, Pakistan in the year 2005. It is headquartered in Karachi and is owned by an Islamic bank of Dubai which is named Public Joint Stock Company (PJSC).

The bank provides many products and services to its customers around the globe under the Laws of Shariah which include accounts, investment, finance, loans, insurance, E-Banking, and Personal Banking. There are a total of 271 branches in the major cities of Pakistan which has a total worth 571 million dollars. The article comprises all the information including Dubai Islamic Bank History.

                   Title                 Description
Name:Dubai Islamic Bank
Founded By:Saeed Bin Ahmad Al Lootah
Branches:It has many National and International branches
Chairman:Mohammad Ibrahim Abdul Rahman
Annual Avenue:103 million dollars
Bank Worth:500 million dollars
Products:Master Card, ATM Card, Visa Debit Card

Dubai Islamic Bank History

Dubai Islamic Bank History

The bank was established in 1975 and considered to be the first Islamic bank around the globe. Saeed Bin Ahmad Al Lootah is the founder of the bank and it offers many services under the principles of Islam, It is the largest Islamic bank of United Arab Emirates as well.

There are about ninety branches of the bank in Dubai and provides Shariah compliant services and products to 2 million clients in UAE. Furthermore, after its inception in Pakistan it opened hundreds of branches in about all of the major cities with a total worth 200 million dollars.


The bank provides many products and services to its customers throughout the globe which include insurance, Long and Short – Term investments, agricultural finance, loans, farm finance, corporate finance and foreign remittance. Other services of the bank include the following.

1- Islamic Banking

The bank provide all type of services under the Laws of Shariah which include deposits, loans, payments, insurance, exchange operations, investments and cash handling services Moreover, products and services of the bank are issued by the Shariah Board of the bank which include well – qualified Islamic Scholars

2- Bank Accounts

The bank offers many products and accounts services which are stated below.

Current Account

Current account of the bank is offered in many currencies including PKR, UK Pound, UAE Dirham, US dollar and Euro. There is no restriction on deposit or withdrawal.

Dubai Islamic Bank careers

Saving Account

Saving account of DIBPL is also offered in the currencies of US dollar, PKR, UAE Dirham, Euro and UK Pound.

Free Account

The bank also offers free account without any investment, withdrawal and transaction limit to its customers.


Services of finance of DIBPL include trade finance, SME finance, Corporate and Agricultural finance,


Dubai Islamic Bank provides short term investment with a short duration of three months up to one year as well as long term investment with a minimum time of one year and so on with a guaranteed and digital system of public investments’ security.

Corporate Finance

Corporate finance offers small finance, auto finance, home finance, business finance, cash finance, running finance, bills and discounting.

Agricultural Finance

It has recently started many schemes of offering loan and investments in order to increase the production rate of crops. The Agricultural – Finance services of DIBPL include offering farmers better infrastructure, providing of wells, technical education and solar energy system.


  • SMS Banking
  • Internet Banking
  • ATM Card
  • Visa Debit Card
  • Master Card

Dubai Islamic Bank online


The bank is recognized by World Bank and Basel Committee as well as IMF.


The bank comprises many shareholder along their own and different percentage. Following are the shareholders of the bank along their percentage.

  • Dubai Investment Corporation –     28 %
  • Saleh Saeed Ahmad Lootah –       7 %
  • Robeco Institutional Asset Management – 0.3 %
  • The Vanguard Group Inc –       4 %
  • William Blair and Co –        3 %
  • Norges Bank Investment Management –        2 %
  • FIL Investment International – 17%
  • Causeway Capital Management – 18 %
  • Putnam Investment Management – 12 %

Board of Directors

  • Mohammad Ibrahim Abdul Rahman Al _ Shaibani – Chairman
  • Adnan Abdul Shakoor Chilwan – Chief Executive Officer
  • Yahya Saeed Ahmad Lootah – Vice – Chairman
  • Obaid K. Mohammad Rasheed -Al-Shamsi – Chief Operating Officer
  • Sami Al – Awadi – Compliance Head
  • John Macedo – Chief Financial Officer
  • Abdullah Ali Obaid – Managing Director
  • Hamad Abdullah Rashed Obaid Al Shamsi – Director
  • Ahmad Mohammd Saeed bin Humaidan – Director

Dubai Islamic Bank International Branches

Besides the branches of UAE and Pakistan, there are many other international branches of Dubai Islamic in Turkey,

Annual Revenue

The estimated revenue of the bank along its branches was calculated as 103 million dollars with a rise of 1.2 % per year in 2017.

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DIB Subsidiaries

Following are the subsidiaries of Dubai Islamic Bank.

1- Khartoum’s bank

The bank is a shareholder of the biggest bank of Sudan which is named as Bank of Khartoum.

2- European Bank

Bosna International Bank in Europe was developed as the 1st Shariah Compliant Bank.

3- Kenya

DIB Kenya acquired a license in 2017 in order to provide services of full Shariah compliance in Kenya.

4- Indonesia

The bank has shares of 38 % with Panin Dubai Syariah Bank, which is considered to be one of the most popular banks of Indonesia providing Shariah Compliance services to the people of the region.

Dubai Islamic Bank Worth

In 2020, the total worth of the bank was stated to be 500 million dollars while the net profit of the bank was estimated to be AED 2 billion.

Contact Information

Phone # +92 – 21 – 3520 – 3674

Email # [email protected]

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