IslamicFinance.de

Following the conclusion of its General Assembly Meeting, Dubai Islamic Bank (DIB) announced that the assembly has approved the acquisition of Noor Bank. With this acquisition, DIB is set to position itself as one of the largest Islamic Banks in the world with total assets exceeding AED 275 billion. Furthermore, this move will strengthen Dubai’s position as a global centre for Islamic finance. In addition to being the first and largest Islamic bank in the UAE, DIB has a significant international presence as a torchbearer in promoting Shari’ah-compliant financial services. The Bank’s ultimate goal is to make Islamic finance the norm, rather than an alternative to conventional banking worldwide.