Dubai Islamic Bank

Ticker/ISIN

DIB

AED000201015

Market/Country

Dubai Financial Market

United Arab Emirates

About Dubai Islamic Bank

Country of Origin: United Arab Emirates (U.A.E)

Dubai Islamic Bank (Public Joint Stock Company) (the “Bank”) was incorporated by an Amiri Decree issued on 29 Safar 1395 Hijri, corresponding to 12 March 1975 by His Highness, the Ruler of Dubai, to provide banking and related services based on Islamic Sharia’a principles. It was subsequently registered under the Commercial Companies Law number 8 of 1984 (as amended) as a Public Joint Stock Company.

Latest Pressrelease Summaries from Dubai Islamic Bank

Dubai Islamic Bank P.J.S.C. has released a review report and condensed consolidated interim financial information for the six-month period ending on June 30, 2025.

Disclosure: Financial statements for the 2nd QTR of 2025

6 hours ago

Dubai Islamic Bank (DIB) has successfully arranged a US$1 billion syndicated financing facility for the Government of Pakistan, in collaboration with regional and international financial institutions. The five-year facility, partially guaranteed by an Asian Development Bank (ADB) Policy-Based Guarantee, is notable for being the first of its kind by ADB for Pakistan. The financing includes an Islamic tranche structured as a Commodity Murabaha, representing 89% of the total facility, highlighting the demand for Shariah-compliant financing. DIB served as the Sole Islamic Global Coordinator and, along with Standard Chartered, as Joint Mandated Lead Arranger and Bookrunner. Other participating Islamic banks include Abu Dhabi Islamic Bank, Ajman Bank, and Sharjah Islamic Bank. This arrangement is seen as a boost to Pakistan's economic reform and expansion of Islamic finance.

Disclosure: Press release

a month ago

Dubai Islamic Bank reported strong financial performance for the first quarter of 2025, highlighting its position as a leader in Islamic finance. The bank achieved a 14% year-on-year increase in pre-tax profit, reaching AED 2.1 billion, and a 5% year-on-year growth in operating revenue to AED 3.2 billion. The balance sheet expanded by 3% year-to-date to AED 355 billion, with a net financing portfolio growth of 5% year-to-date to AED 223 billion. Customer deposits grew by 7% year-to-date to AED 265 billion, with CASA balances increasing by 4% year-to-date to AED 99 billion, representing 37% of total deposits. Impairment charges decreased significantly by 45% year-on-year to AED 163 million. The results underscore the bank's strategic resilience and its influence in the global Islamic finance sector.

Disclosure: Press release regarding financial results for the 1st QTR of 2025

3 months ago

The document is a review report and condensed consolidated interim financial information for Dubai Islamic Bank P.J.S.C., covering the three-month period ending on March 31, 2025.

Disclosure: Financial statements for the 1st QTR of 2025

3 months ago

Dubai Islamic Bank (DIB) held its Annual General Assembly, where shareholders approved a 45% cash dividend for 2024 following record-breaking financial performance. The bank reported a pre-tax profit exceeding AED 9.0 billion and a total income of AED 23.3 billion, marking a 16% growth from the previous year. DIB's assets expanded by 9.7% to AED 345 billion, with net financing and Sukuk investments increasing by 10.1% to AED 295 billion. Shareholders also approved governance matters, including the appointment of the Internal Sharia Supervision Committee and external auditors for 2025. Chairman Mohammed Ibrahim Al Shaibani highlighted the UAE's economic resilience and DIB's role in contributing to the nation's prosperity. CEO Dr. Adnan Chilwan emphasized the bank's strategic achievements and leadership in Islamic finance.

Disclosure: Press release

5 months ago

The text informs shareholders about their rights and procedures for attending the general assembly, as outlined in Clauses 1 and 2 of Article 40 of the Corporate Governance Manual. Shareholders can delegate someone to attend on their behalf, provided the delegate is not a Board member, company staff, or securities brokerage employee. The delegate cannot represent more than 5% of the company's issued capital. Shareholders must have their signatures on the power of attorney verified by an approved entity, such as a Notary Public, Chamber of Commerce, licensed bank, or financial market. The proxy form should include the shareholder's and brokerage firm's contact details. For further inquiries, contact the provided phone number or email address.

Disclosure: Invitation of General Assembly

6 months ago

Dubai Islamic Bank announced its financial results for the year ending December 31, 2024, highlighting significant growth and improvements. The bank reported a 27% year-over-year increase in pre-tax profit, reaching AED 9 billion, and a 16% rise in net profit to AED 8.165 billion. Total income grew by 16% to AED 23.341 billion, while net operating revenues increased by 10% to AED 12.837 billion. The bank's total assets expanded by 10% to AED 345 billion, and customer deposits rose by nearly 12% to AED 249 billion. The non-performing financing (NPF) ratio improved to 4.0%, down 140 basis points from the previous year, with cash coverage at 97%. The cost-to-income ratio decreased by 40 basis points to 26.7%, and liquidity coverage ratio remained strong at 159%. Capitalization ratios, including CET1 at 13.2% and CAR at 18.3%, indicated robust financial health. The bank also increased its stake in a digital bank in Türkiye to 25% and proposed a 45% dividend, pending shareholder approval.

Disclosure: Press release regarding financial results for year 2024

6 months ago

The consolidated financial statements of Dubai Islamic Bank P.J.S.C. for the year ending December 31, 2024, have been audited. These statements require approval from the Central Bank of UAE and adoption by shareholders at the Annual General Meeting.

Disclosure: Financial statements for the year of 2024

6 months ago

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Dubai Financial Market News

News Update From Dubai Islamic Bank 6 hours ago

Disclosure: DIB Management Discussion and Analysis Report for the Period Ended June 30,2025

1. Attached Document

Dubai Financial Market News

News Update From Dubai Islamic Bank 6 hours ago

Disclosure: Financial statements for the 2nd QTR of 2025

Dubai Islamic Bank P.J.S.C. has released a review report and condensed consolidated interim financial information for the six-month period ending on June 30, 2025.

1. Attached Document

Dubai Financial Market News

News Update From Dubai Islamic Bank 6 hours ago

Disclosure: Results of BOD Meeting

1. Attached Document

Dubai Financial Market News

News Update From Dubai Islamic Bank 14 hours ago

Disclosure: CHANGE OF TIME - Earnings Call Meeting

1. Attached Document

Dubai Financial Market News

News Update From Dubai Islamic Bank 2 days ago

Disclosure: Postponing of Earnings Call Meeting