Dubai Banking Group is the global
shari'a compliant financial investor of
Dubai Group
Dubai Group is an Emirati investment company based in the United Arab Emirates, and a subsidiary of Dubai Holding
Dubai Holding ( ar, دبي القابضة) is Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum's personal investment portfo ...
with assets valued at over
USD
The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...
10 billion (
AED 36.7 billion). The group was established in 2007 when Dubai Islamic Investment Group, founded in 2004, and
Dubai Bank
Dubai Bank was an Islamic bank based in Dubai, UAE. The bank was launched in September 2002 and transformed into Shari’a-compliant financial institution with on 1 January 2007. Dubai Bank was part of the Dubai Group, a Dubai Holdings company ...
, founded in 2002, consolidated their activities to form Dubai Banking Group.
Dubai Banking Group's major investments include:
* 100% ownership of
Dubai Bank
Dubai Bank was an Islamic bank based in Dubai, UAE. The bank was launched in September 2002 and transformed into Shari’a-compliant financial institution with on 1 January 2007. Dubai Bank was part of the Dubai Group, a Dubai Holdings company ...
* 100% ownership of Dubai Tadawul, a Dubai-based private brokerage company
* 51% stake in Al Fajer Re-Takaful, a closed Kuwaiti shareholding company
* 40% stake in
Bank Islam
Bank Islam Malaysia Berhad (Jawi script, Jawi: بڠك اسلام مليسيا برحد) is an Islamic bank based in Malaysia that has been in operation since July 1983. Bank Islam was established primarily to assist the financial needs of the c ...
, Malaysia's oldest and largest Islamic bank
* 40% stake in ACR Re-Takaful Holdings Limited, the world's largest reinsurance company
* 33.33% stake in National Bonds UAE, the national Shari'ah-compliant saving scheme
* 18.75% stake in
BankIslami Pakistan
BankIslami Pakistan LTD. () is a Pakistani Islamic bank based in Karachi, Pakistan. It has 340 branches in 114 cities in Pakistan. It is the first Islamic commercial bank to receive the Islamic banking license under the Islamic banking policy of ...
, the first bank to receive an Islamic Banking License in Pakistan
See also
*Dubai Group
Dubai Group is an Emirati investment company based in the United Arab Emirates, and a subsidiary of Dubai Holding
Dubai Holding ( ar, دبي القابضة) is Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum's personal investment portfo ...
References
External links
Official websiteDubai Banking Group
Investment companies of the United Arab Emirates
{{UnitedArabEmirates-stub
id:Dubai Investment Group