Dubai Islamic Bank launches Al Islami Takaful Riayati

Monday, January 4th, 2010

Dubai Islamic Bank (DIB) announced today the launch of Al Islami Takaful Riayati, a comprehensive accidental death and disability insurance plan offered at a very affordable annual premium. This innovative Sharia-compliant product is underwritten by SALAMA-Islamic Arab Insurance Company, and complements the bank’s existing portfolio of diverse products and services.

Dubai Islamic Bank annual net profit marginally down

Friday, February 27th, 2009

Dubai Islamic Bank’s (DIB) total assets as of December 31, 2008, stood at AED84.6 billion, up slightly compared to AED83.7 billion at the end of the same period in 2007.

Customer deposits increased 2% to reach AED66.4 billion in 2008, compared to AED65 billion in 2007.

DIB’s full-year results reflect total impairment provisions of AED521 million, including writedowns on its investment portfolio, and mark-to-market losses on equity investments of AED277 million.