Introduction
Dubai Islamic Bank
Type of Bank: National Bank
Headquarters: Dubai
Assets Under Management: AED 241.3 billion
Established in 1975, Dubai Islamic Bank holds the distinction of being the first bank to offer personalized Islamic finance options, as well as being the leading Shariah-compliant bank in the UAE. Headquartered in Dubai, the bank’s Islamic banking policies and solutions serve as benchmarks for other Shariah-compliant banks to follow.
The bank guarantees attractive profit rates based on Shariah-compliant investments, such as mudarabah and murabaha, and also offers an account opening facility for minors with no hidden or maintenance charges.