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Bank Name [1] Bank name (in Arabic) Headquarters Stock code (if applicable) [2] [3] Abu Dhabi Commercial Bank: بنك أبوظبي التجاري: Abu Dhabi: ADX: ADCB: Abu Dhabi Islamic Bank
Dubai Islamic Bank Pakistan: Dubai Islamic Bank Pakistan was established in 2006 as a fully owned subsidiary. Panin Dubai Syariah Bank: 38.3% ownership in a Shariah-compliant player in Indonesia, which has one of the largest Muslim populations in the world. Bank of Khartoum: DIB holds a stake in Bank of Khartoum, one of the largest banks in Sudan.
The first, experimental, local Islamic bank was established in the late 1950s in a rural area of Pakistan which charged no interest on its lending. [63] [64] In 1963, the first modern Islamic bank on record was established in rural Egypt by economist Ahmad Elnaggar [65] to appeal to people who
Abu Dhabi Commercial Bank: Abu Dhabi 9.9 2.2 161.9 16.7 Banking 7 720 Emaar Properties: Dubai 7.8 3.1 38.9 18.2 Real estate: 8 900 Dubai Islamic Bank: Dubai 5.4 1.7 85.6 10.9 Banking 9 927 Mashreq: Dubai 5.2 2.3 65.3 10.3 Banking 10 1002 Abu Dhabi Islamic Bank: Abu Dhabi 3.9 1.4 53.0 11.8 Banking 11 1334 Borouge: Abu Dhabi 5.7 1.1 9.2 20.0 ...
Many Islamic Banks are working in Pakistan.The list of banks is given below: Meezan Bank Limited; Soneri Mustaqeem Islamic Bank; Dubai Islamic Bank; Al Baraka Bank (Pakistan) Limited - Al Baraka Bank
The following is a list of banks in the Arab World.The modern system of Arab banks was created in Egypt in the late 19th century, with the campaign of modernizing the country.
On the 26th of September 2005, Dubai Bank joined the sponsors and became one of the founding shareholders of BankIslami by investing 18.75% in the total capital. The bank started its operations on 7 April 2006 and began offering shariah-compliant retail banking, investment banking, consumer banking, and trade finance products.
On 1 December 2012 Dubai Bank was acquired by Emirates NBD. [ 3 ] [ 4 ] [ 5 ] As of 31 December 2020, total assets were DH 698 billion , deposits of AED 464 billion, a total income of AED 23.21 billion, and a net profit of AED 7 billion, making it one of the top financial institutions of the UAE , with a brand value of US$ 3.89 billion. [ 6 ]