Dubai Islamic Bank

Dubai Islamic Bank

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Launch date
Employees
Market cap
AUD17.5b
Enterprise valuation
AUD17.5b (Public information from Sep 2024)
United Arab Emirates (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
AED2020202120222023202420252026
Revenues9.5b9.3b10.3b11.4b12.3b12.3b12.7b
% growth3 %(2 %)11 %11 %7 %-3 %
Profit3.3b4.4b5.5b6.8b6.7b6.0b6.2b
% profit margin35 %47 %53 %59 %54 %49 %49 %
EV / revenue3.5x4.2x4.0x3.6x3.6x3.6x3.5x
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DateInvestorsAmountRound
-

N/A

-
N/A

N/A

IPO
*

N/A

Acquisition
*
N/A

$750m

Post IPO Debt
*
N/A

$1.0b

Post IPO Debt
Total Funding-

Recent News about Dubai Islamic Bank

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Dubai Islamic Bank (DIB) is a leading financial institution in the UAE, specializing in Sharia-compliant banking services. DIB offers a wide range of products including personal banking, business banking, and investment solutions. The bank serves a diverse clientele, from individual customers to large corporations, providing tailored financial services to meet their unique needs. Operating in the competitive UAE market, DIB leverages its robust digital platforms, such as online banking and mobile apps, to offer convenient and secure banking experiences. The bank's business model focuses on generating revenue through various financial products, including savings accounts, credit cards, loans, and investment services. DIB also provides relief schemes and finance postponement options to support customers during challenging times, such as the COVID-19 pandemic. The bank's commitment to innovation and customer satisfaction is evident in its adoption of modern payment solutions like Apple Pay and Samsung Pay, allowing for seamless transactions at numerous points of sale.

Keywords: Islamic banking, Sharia-compliant, digital banking, personal banking, business banking, investment solutions, UAE market, finance postponement, Apple Pay, Samsung Pay.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.
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Noor Bank
ACQUISITION by Dubai Islamic Bank Nov 2020
TAWAL
BUYOUT by Public Investment Fund (PIF) Apr 2024