Dubai Islamic Bank Pakistan

Dubai Islamic Bank Pakistan Limited (DIBPL) is a wholly-owned subsidiary of Dubai Islamic Bank UAE (DIB). The parent company DIB is a listed company in Dubai. The Bank has maintained its position as an innovative solution provider to all the financial needs of its customers, in accordance to Shari’a. DIBPL was incorporated in Pakistan as an unlisted public limited company on May 27, 2005 under the Companies Ordinance (1984) to carry out the business of an Islamic Commercial Bank in accordance with the principles of Islamic Shari’a. The State Bank of Pakistan (SBP) granted a license to the Bank on November 26, 2005 and subsequently the Bank received the Certificate of Commencement of Business from the Securities and Exchange Commission of Pakistan (SECP) on January 26, 2006. The Bank commenced operations as a scheduled Islamic Commercial Bank with effect from March 28, 2006. In recent years, DIBPL management has taken initiatives towards bringing excellence in its organizational operations. Apart from aligning the processes with its improved Vision, Mission and Values; DIBPL has initiated launching of New Products, New Branches, Learning & Development Interventions and Continuous Improvement in Systems and Processes. DIBPL stands today at 243 locations (200 branches and 43 branchless banking booths) in 62 cities across Pakistan.