Dar al-Maal al-Islami Trust ( ar, دار المال الإسلامي) ("The House of Islamic Money"), founded in Switzerland in 1981, is a leading Islamic financial institution with affiliates on four continents and assets under management of over US$3.6 billion, operating in accordance with

Zakat Zakat ( ar, زكاة; , "that which purifies", also Zakat al-mal , "zakat on wealth", or Zakah) is a form of almsgiving, often collected by the Muslim Ummah. It is considered in Islam as a religious obligation, and by Quranic ranking, is ...

principles of Islamic banking.

Overview

DMI Trust was cofounded by a group of leading figures in 1981, including

Mohammed bin Faisal Al Saud Mohammed bin Faisal Al Saud ( ar, محمد بن فيصل آل سعود, ''Moḥammed bin Fayṣal Āl Saʿūd''; 1937–14 January 2017) was a Saudi prince and businessman. He was a son of King Faisal and was one of the pioneers in the establishm ...

Zayed bin Sultan Al Nahyan Sheikh Zayed bin Sultan Al Nahyan ( ar, زَايِد بِن سُلْطَان آل نَهْيَان, Zāyed bin Sulṭān Āl Nahyān; 6 May 1918 – 2 November 2004) was an Emirati politician, statesman, and philanthropist who served as ...

Isa bin Salman Al Khalifa Isa bin Salman Al Khalifa (; 3 June 1931 – 6 March 1999) was the first emir of Bahrain from 1961 until his death in 1999. Born in Jasra, Bahrain, he became emir upon the death of his father, Salman bin Hamad Al Khalifa. Early life and reign ...

and

Abdullah bin Faisal Al Saud Abdullah may refer to: * Abdullah (name), a list of people with the given name or surname * Abdullah, Kargı, Turkey, a village * ''Abdullah'' (film), a 1980 Bollywood film directed by Sanjay Khan * '' Abdullah: The Final Witness'', a 2015 Pakis ...

. It has two main business units, Takafol and Retakafol, for Islamic banking and Islamic insurance/reinsurance respectively; these are based in the Bahamas, Luxembourg, and the United Kingdom. Fund management and financial services in Switzerland and Morocco, investment banking in Bahrain and Pakistan, commercial and retail banking in the

Persian Gulf The Persian Gulf ( fa, خلیج فارس, translit=xalij-e fârs, lit=Gulf of Fars, ), sometimes called the ( ar, اَلْخَلِيْجُ ٱلْعَرَبِيُّ, Al-Khalīj al-ˁArabī), is a mediterranean sea in Western Asia. The bod ...

region and other parts of the world. Additionally, DMI Trust operates the Faisal Islamic Bank group of investment companies with affiliates in Bahrain, Egypt, Pakistan, Qatar and the United Arab Emirates.

Notable personnel

* Prince

– founder and chairman after 1983 * Omar A. Ali – CEO from 1986 to 1999

References

* Douglas Farah,
The Little Explored Offshore Empire of the International Muslim Brotherhood
, April 18, 2006. {{Authority control Banks established in 1981 Organizations established in 1981 Organizations disestablished in 2002 Islamic banks Swiss companies established in 1981 Banks of Switzerland