Islamic Bank Case Study

Dubai Islamic Bank Asian nation restricted (DIBPL) may be a wholly-owned subsidiary of city Islamic Bank UAE (DIB). The parent company DIB may be a listed company in city. The Bank has maintained its position as AN innovative resolution supplier to any or all the monetary desires of its customers, in accordance to Shari’a.

DIBPL was incorporated in Asian nation as AN unlisted public company on might twenty seven, 2005 beneath the businesses Ordinance (1984) to hold out the business of AN Islamic full service bank in accordance with the principles of Islamic Shari’a. The banking concern of Asian nation (SBP) granted a license to the Bank on November twenty six, 2005 and later the Bank received the Certificate of Commencement of Business from the Securities and Exchange Commission of Asian nation (SECP) on Gregorian calendar month twenty six, 2006. The

during this respect, DIBPL has had first-mover advantage in an exceedingly type of Islamic banking services like Priority Banking, Pt Banking, VISA positive identification, Banca Takaful, palm like Banking and money Management Services.

Being AN Islamic Bank, DIBPL has not solely been a supplier of “halal” employment opportunities to young business and commerce graduates, however has conjointly contributed to social development through its charity fund to leading charitable foundations. This includes providing support to hospitals providing medical treatment to the needy and flood relief programs.

DIBPL aspires to be the leading Islamic Bank within the business through branch enlargement, introduction of innovative & comprehensive product, effective compliance and price management measures, induction of qualified Islamic banking professionals, implementation of progressive industry, maintaining complete transparency and high moral standards in its dealings with