Dubai Islamic Bank

What Dubai Islamic Bank does

Dubai Islamic Bank (DIB) is the world's first Islamic bank, founded in Dubai in 1975 and listed on the Dubai Financial Market under ticker DIB. As of FY'25 it operates as the largest Islamic bank in the UAE by total assets (AED 416 billion, up 21% YoY, crossing the USD 100 billion mark in H1'25), serving over 11 million customers across seven markets through more than 540 branches and 900+ ATMs with a workforce of 10,000+. The bank is rated A3 (Moody's) / A (Fitch) with Stable outlook and designated as a Domestic Systemically Important Bank (D-SIB) by the UAE Central Bank.

DIB's product platform spans four segments: consumer/retail banking (Al Islami Savings, home, auto and personal finance, DIB Cards, and the alt mobile banking app with 1.1M+ users handling 51% of transactions); private and affluent banking under the Wajaha, Aayan, and Mumayyaz sub-brands; business and SME banking; and wholesale/cross-border banking including corporate financing, trade finance, treasury, real estate finance, and investment banking (ranked world's third-largest sukuk bookrunner by Cbonds in 2025). The technology backbone is a Sharia-compliant digital banking platform enhanced by AI (credit scoring, generative AI for sentiment analysis, ML-driven personalization, anomaly detection) delivered through the alt app and supported by the HCLTech AI partnership and Finshape DBOS deployment.

DIB earns revenue primarily from net financing income on an AED 262 billion Sharia-compliant asset book (consumer, corporate, sukuk investments of AED 91 billion), supported by AED 4.3 billion in non-funded income (+10.1% YoY), AED 320 billion in customer deposits (CASA of AED 110 billion, +17% YoY), and capital markets fees from DCM volumes of USD 57 billion (+50%+ YoY). Recent strategic priorities have centered on cross-border Islamic finance leadership (Pakistan USD 1B sovereign facility, Turkish Airlines first Islamic aircraft finance, Egypt USD 1.5B Sukuk, Turkish Treasury mandate), AI-driven retail acquisition, sustainable finance (portfolio more than doubled to AED 19.5B targeting 15% of gross financing by 2030), and capital strengthening through three sukuk issuances totaling USD 2.5 billion between October 2024 and June 2026.

Name

Dubai Islamic Bank

Legal name

Dubai Islamic Bank Public Joint Stock Company

Website

https://dib.ae

Company type

Public

Founded year

1975

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Dubai Islamic Bank is the world's first Islamic bank (founded 1975) and largest in the UAE by assets (AED 416 billion), providing Sharia-compliant retail, SME, corporate, and cross-border financing to over 11 million customers across seven markets via 540+ branches and the alt digital platform.

Ownership category

akta.pro rank

Product category

Islamic Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021), State Commercial Banks (6022)

akta.pro primary industry

Islamic Corporate Banking (FSABAGAC)

Keywords

• Islamic banking services
• Sharia-compliant financing
• Corporate banking solutions
• Retail banking products
• Sukuk capital markets

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Net Financing Income: Income from Islamic financing assets including consumer loans (personal, auto, home finance), corporate financing, and cross-border financing. Net financing assets reached AED 262 billion in FY'25 with 23% YoY growth.
2. Non-Funded Income: Fee income from products, electronic banking fees, trade-related commissions, and foreign exchange services. Non-funded revenues rose to AED 4.3 billion (+10.1%) in FY'25, supporting balanced revenue profile.
3. Sukuk Investment Income: Income from the sukuk portfolio which grew to AED 91 billion, largely comprising high-quality sovereigns and FIs. New sukuk investments of AED 20 billion during FY'25.
4. Customer Deposits: CASA deposits reached AED 110 billion (up 17% YoY) with total customer deposits at AED 320 billion, providing the funding base for lending activities.
5. Capital Markets and Syndication Fees: DCM business volumes increased 50%+ YoY to reach USD 57 billion. Bank acted as Joint Lead Manager and Bookrunner for various sovereign and corporate sukuk issuances, earning arrangement fees.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Dubai Islamic Bank operates as the world's first Islamic bank, providing Sharia-compliant retail, SME, corporate, and investment banking services. It delivers consumer financing (home, auto, personal), deposits, cards, private banking (Wajaha, Aayan, Mumayyaz), corporate financing, treasury services, trade finance, and capital markets activities including sukuk issuance and DCM, distributed through 540+ branches, 900+ ATMs, and digital channels across seven markets.

Product overview

Dubai Islamic Bank (DIB) operates as a comprehensive Islamic banking platform offering a unified portfolio of Sharia-compliant products and services. The core banking platform includes retail offerings (Al Islami Savings Account, Home Finance, Personal Finance, Auto Finance, and DIB Cards), private banking sub-brands (Wajaha Private Banking, Aayan Exclusive Banking, Mumayyaz Privilege Banking), digital banking channels (alt Mobile Banking App, Al Islami Online Banking, Al Islami Business Online, Al Islami Connect), and wholesale banking services (Corporate Banking, Investment Banking, Treasury, Real Estate Finance). The bank also operates DIB XTRA Salary Account for salary earners and maintains the Sukuk Programme for capital markets activities. Tamweel, a delisted subsidiary, continues as an active entity within the Group providing mortgage solutions. DIB serves over 11 million customers across a network of over 540 branches and 900 ATMs, with digital channels handling the majority of transactions.

Differentiator

Problem solved

Functional benefit

Brands

• alt: Mobile banking app for retail and business customers with over 135 services
• Wajaha Private Banking
• Aayan Exclusive Banking
• Mumayyaz Privilege Banking

Products and services

• Al Islami Savings Account Sharia-compliant savings account with expected profit rates and monthly prize draw opportunities for personal customers.
• Home Finance
• Auto Finance Islamic-compliant vehicle financing solutions for purchase of new or used vehicles through Sharia-compliant structures.
• Personal Finance Sharia-compliant personal financing with competitive profit rates and flexible tenures for individual funding needs.
• DIB Cards Range of Sharia-compliant credit and debit cards offering cashback, rewards, and merchant offers with global acceptance.
• Wajaha Private Banking Premium private banking service offering personalized wealth management and tailored financial solutions for high-net-worth individuals.
• Aayan Exclusive Banking Exclusive banking service providing premium benefits and personalized service for distinguished customers.
• Mumayyaz Privilege Banking Privilege banking service offering enhanced benefits, priority services, and exclusive privileges for valued customers.
• Business Banking Comprehensive banking services for SMEs and businesses including business accounts, business finance, and treasury solutions.
• Corporate Banking Full-service corporate banking including working capital finance, trade finance, and structured financing for corporate clients.
• Investment Banking Investment banking services including capital markets, advisory, and structured finance solutions; ranked world's third-largest sukuk bookrunner in 2025.
• Treasury Treasury services including foreign exchange, money markets, and liquidity management for corporate and institutional clients.
• Real Estate Finance Commercial and corporate real estate financing solutions for property development and investment purposes.
• alt Mobile Banking App DIB's primary mobile banking application offering over 135 services, handling 51% of all customer transactions with registered users surpassing 1.1 million.
• Al Islami Online Banking Online banking platform for retail customers providing account access, transaction capabilities, and self-service banking services via web interface.
• Al Islami Business Online Online banking platform for business customers to manage corporate accounts, conduct transactions, and access business banking services.
• Al Islami Connect Corporate online banking solution providing comprehensive banking services for corporate customers including account management and corporate transactions.
• DIB XTRA Salary Account Salary account proposition with Wala'a Rewards offering up to 5% cashback on dining, flights, and everyday spending, with bonus rewards for new customers.
• Sukuk Programme USD 12.5 billion Sukuk Programme for capital markets issuances including Additional Tier 1 and senior sukuk instruments.
• Tamweel Wholly-owned subsidiary providing Islamic mortgage and home finance solutions.

Quantifiable outcome

• Assets grew over 4.6x in 15 years, from AED ~90 billion to AED 416 billion
• +5 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability10 records

Feature6 records

Partnerships

Twelve partnerships are on record, tiered core, supporting and flagship.

• Turkish TreasurycoreStrategic or Co-development Partner · 25 June 2026DIB mandated as one of six international banks to arrange sukuk issuance maturing July 2032 as part of Türkiye's strategy to diversify public debt financing through domestic and international sukuk and bond markets.
• Arqaam Capital, ASB Capital, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, KFH Capital, Mizuho, Sharjah Islamic Bank, Standard Chartered Bank, Warba BankcoreChannel Partner/ Reseller/ Distributor · 11 June 2026Joint Lead Managers and Bookrunners for DIB's USD 1 billion Additional Tier 1 Perpetual Non-Call 6-Year Sukuk issuance in June 2026.
• Avolon Holdings LimitedcoreStrategic or Co-development Partner · 21 April 2026DIB participated in USD 455 million unsecured revolving credit facility with both conventional and Islamic financing components. Facility coordinated by Emirates NBD Capital with participation from Standard Chartered, Emirates Islamic Bank, Al Ahli Bank of Kuwait, and Sharjah Islamic Bank.
• TurkcellcoreStrategic or Co-development Partner · 24 March 2026DIB signed USD 150 million Murabaha financing agreement with Turkcell, Türkiye's leading telecommunications and technology services provider, to support digital infrastructure investments.
• Mohammed Bin Rashid Housing Establishment (MBRHE)coreStrategic or Co-development Partner · 7 December 2025Strategic cooperation agreement to enhance housing finance services for Dubai citizens through digital integration. Enables secure exchange of documents and financial transactions, improving beneficiary experience and supporting Dubai Social Agenda 2033.
• Informa Connect AcademysupportingStrategic or Co-development Partner · 14 November 2025MOU signed to collaborate on professional education and workforce development across the UAE and GCC region. Partnership develops and delivers training programs utilizing DIB's Islamic finance expertise and Informa's global platform, benefiting both DIB staff and regional professionals.
• Standard Chartered BankcoreChannel Partner/ Reseller/ Distributor · 14 November 2025Standard Chartered acted as Sustainability Advisor and Joint Lead Manager for DIB's USD 1 billion Sustainability-Linked Sukuk. Also acted as billing and delivery for the transaction.
• HCLTechcoreTechnology or Integration · 21 October 2025Strategic AI innovation partnership announced at GITEX GLOBAL 2025 to accelerate AI adoption across DIB's ecosystem. DIB leverages HCLTech's Advanced AI capabilities including AI Advisory and global alliances with hyperscalers to deploy AI responsibly across operations, enhancing customer experiences, decision-making, and compliance frameworks.
• FinshapecoreTechnology or Integration · 16 October 2025Strategic partnership to enhance DIB's digital banking capabilities, focusing on Sharia-compliant solutions in the UAE. DIB utilizes Finshape's Digital Bank Operating System (DBOS) for increased agility and innovation in digital banking.
• Turkish AirlinesflagshipStrategic or Co-development Partner · 28 July 2025First-ever Islamic aircraft financing deal for Turkish Airlines - 12-year Islamic finance lease (Ijarab) for acquisition of Airbus A350-941. Marked the first Islamic aircraft finance deal in Turkish aviation history, strengthening economic ties between UAE and Türkiye.
• Government of PakistanflagshipStrategic or Co-development Partner · 28 July 2025DIB acted as Sole Islamic Global Coordinator for USD 1 billion syndicated term-finance facility for Government of Pakistan, partially guaranteed by Asian Development Bank (ADB). Islamic tranche structured as AAOIFI-compliant Commodity Murabaha represents 89% of total facility.
• Olam AgricoreStrategic or Co-development Partner · 16 July 2025DIB acted as Senior Mandated Lead Arranger and Investment Agent for USD 250 million Islamic tranche of USD 1.85 billion dual-tranche syndicated financing facility for Olam Agri, a leading global agri-business majority-owned by Singapore's Olam Group.

Scale indicators19 records

Recent moves9 records

Expansion highlights7 records

Broad incumbents

• Al Rajhi Banking and Investment Corporation: The world's largest Islamic bank by assets, headquartered in Saudi Arabia. Direct comparable on Islamic banking franchise, scale, and product breadth across retail, corporate, and investment banking in MENA.
• Emirates NBD: Largest banking group in the UAE by assets, offering conventional banking alongside Emirates Islamic. Competitor in UAE retail and corporate banking; DIB competes directly with Emirates NBD's Islamic banking subsidiary.
• First Abu Dhabi Bank (FAB): UAE's largest bank by assets, offering conventional and Islamic banking services. Competes with DIB across UAE corporate, retail, and investment banking; comparable in scale and franchise breadth.

Direct peers

• Emirates Islamic Bank: UAE Islamic bank subsidiary of Emirates NBD, directly competing with DIB across retail, corporate, and SME segments in the UAE. Similar Sharia-compliant product offerings, branch presence, and target customer base.
• Qatar Islamic Bank (QIB): Largest Islamic bank in Qatar, offering similar Sharia-compliant retail, corporate, and investment banking products. Comparable on GCC Islamic banking franchise, sukuk programs, and sovereign financing capabilities.
• Abu Dhabi Islamic Bank (ADIB): One of the largest Islamic banks in the UAE, headquartered in Abu Dhabi. Direct competitor across consumer, private, corporate, and investment banking with overlapping Sharia-compliant product suites and branch networks.
• Kuwait Finance House (KFH): One of the largest Islamic banks globally, based in Kuwait with significant GCC and international presence. Directly comparable on Sharia-compliant banking services, sukuk issuance, and cross-border Islamic finance capabilities.

Regional players

• Boubyan Bank: Kuwait-based Islamic bank with strong digital banking focus. Comparable as a regional Islamic bank with similar Sharia-compliant retail and corporate offerings, though serving primarily Kuwaiti market.
• Sharjah Islamic Bank: UAE-based Islamic bank operating primarily in Sharjah and northern Emirates. Directly comparable as a UAE Sharia-compliant bank with similar retail and corporate offerings, though smaller in scale than DIB.
• Bank Nizwa: Oman's first and leading Islamic bank. Directly comparable as a GCC Islamic bank with similar Sharia-compliant retail, corporate, and treasury products, though smaller in scale than DIB.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/dibae
• Instagraminstagram.com/dibae
• Xx.com/DIB_UAE
• LinkedInlinkedin.com/company/dubai-islamic-bank

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments16 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dubai Islamic Bank