Dubai Islamic Bank

 

🏦 1. Introduction: What is Dubai Islamic Bank?

Dubai Islamic Bank (DIB) is the first Islamic bank in the world, established in 1975 in the United Arab Emirates. It operates strictly under Shariah (Islamic law) and has become one of the largest Islamic banks globally, serving over 5 million customers.

Headquartered in Dubai, DIB blends modern banking innovation with authentic Islamic values to offer a full spectrum of retail, business, and corporate financial services.

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History and Legacy of DIB

Founded: 1975

Pioneer of Islamic banking globally

Listed on Dubai Financial Market (DFM)

Operates in UAE, Pakistan, Kenya, Indonesia, Sudan, and more

Owns majority stake in Paninis Dubai Sy aria how Bank (Indonesia)

With a rich history and a future-driven strategy, DIB stands at the forefront of Islamic finance worldwide.

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3. DIB Market Position in the UAE and Globally

Top 3 Islamic banks in the world by assets

Over 90 branches across the UAE

More than 5 million active customers

One of the most digitized Islamic banks

Rated A3 (Moody's) and A (Fitch) for financial strength

DIB's commitment to ethical finance and financial inclusion has earned it a leading reputation in the Islamic banking sector.

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4. Personal Banking Services

💰 Accounts:

Current Account (Wakala based)

Savings Account (Mudharabah based)

Investment Deposit Account

Al Islami Gold Account (priority banking)

Ladies’ Account – Johara

Child Account – Shaatir

💳 Debit Cards:

Free international usage

24/7 ATM access

Discounts on lifestyle and dining partners

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🏦 5. Business and Corporate Banking

DIB offers Shariah-compliant business solutions for startups, SMEs, and large corporations.

Business Services:

Business current and saving accounts

Working capital finance

Murabaha-Based trade finance

Waka la deposits

Corporate debit cards

DIB also supports Government initiatives, including Emirati business programs, and offers dedicated relationship managers for larger businesses.

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6. Digital and Mobile Banking

DIB Mobile App Features:

View balances and transactions

Pay DEWA, Etisalat, and other bills

Transfer funds locally and internationally

Apply for finance or credit card

Secure biometric login

Online Banking (Personal & Corporate):

Dashboard for full financial control

WPS file upload

Manage standing instructions

View Islamic financing schedule

DIB’s digital services are available via the app, desktop, ATMs, and even WhatsApp banking.

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7. Shariah-Compliant Finance Products

All of DIB’s offerings are certified by a Shariah Board, including:

Credit Cards (Takaful-covered):

Al Islami Classic, Platinum, Infinite Cards

Emirates Skywards Card (miles earning)

Cashback, travel insurance, and airport lounge access

Personal Finance:

Based on Murabaha or IJA rah contracts

Flexible repayment (up to 48 months)

No interest, only profit margin

Early settlement options

Auto Finance:

New & used car finance

Islamic leasing (IJA rah)

Insurance & registration support

Home Finance:

Buy, build, or refinance homes

Based on IJA Ra or Murabaha models

Up to 85% financing

Salary-transfer and non-salary-transfer options available

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8. DIB Wealth and Investment Management

Wealth Services:

Sunk UK (Islamic bonds)

Equity funds

Real estate investment

Islamic mutual funds

Structured investment products

Taka full (Islamic insurance)

High-net-worth individuals can access Al Islamic Private Banking with dedicated advisors and custom portfolio planning.

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9. Target Customers

DIB serves:

UAE Nationals

Expatriates (salary or non-salary transfer)

SMS and Entrepreneurs

Corporations

Women and children (custom products)

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10. Awards and Achievements

DIB has received numerous awards, such as:

Best Islamic Retail Bank – 2023 (Global Finance)

Most Innovative Islamic Bank – 2022

Best Mobile Banking Experience – UAE 2023

World’s First Islamic Bank – Recognized by multiple regulators

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How to Open a DIB Account

Requirements:

Emirates ID

Passport with valid UAE visa

Salary certificate or trade license

Proof of address (DEWA bill, tenancy contract)

 Methods:

Visit nearest DIB branch

Use DIB mobile app

Apply online via www.dib.ae

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12. DIB Customer Support

Call Center: 04 609 2222

WhatsApp Banking: +971 4 609 2222

Live Chat: Available on the mobile app and website

Branch Hours: 8 AM to 2 PM (varies by location)

ATM/Branch Locator: Via app or DIB website

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13. Frequently Asked Questions (FAQs)

Is Dubai Islamic Bank safe?

Yes. DIB is regulated by the UAE Central Bank and audited by a Shariah Supervisory Board. It has strong capital adequacy ratios.

Is DIB for Muslims only?

No. DIB is open to everyone, regardless of religion. Its services are based on Islamic principles, but all customers are welcome.

Does DIB offer online account opening?

Yes. You can open an account through the Hayyak app or the official website.

Is DIB part of the UAE Wages Protection System (WPS)?

Yes. DIB fully supports WPS compliance for business payroll needs.

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14. DIB Compared to Other UAE Banks

Feature DIB ADCB FAB

Shariah Compliance ✅ 100% ✅ (via Al Hilal) ✅ (via FAB Islamic)

Digital Services ✅ Excellent ✅ Excellent ✅ Excellent

Islamic Credit Cards ✅ Exclusive ✅ Few options ✅ Few options

Account Opening Online ✅ Hayyak App ✅ Yes ✅ Yes

DIB leads in Islamic innovation and customer-first Shariah-compliant services.

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