DIBL at a Glance

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DIBL at a Glance

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Corporate Info

Pakistan's sixth full-fledged Islamic commercial bank, Dawood Islamic Bank Limited, officially commenced its operations on Friday, April 27, 2007. The Bank is the result of an initiative of the First Dawood Group who teamed up with Islamic Corporation for the Development of the Private Sector (ICD) Jeddah, Unicorn Investment Bank - Bahrain, Al Safat Investment Company - Kuwait, Gargash Enterprises (LLC) - Dubai, Mr. Azam Essof Kolia - a Singapore based entrepreneur and Shaikh Abdullah Mohammad Al-Romaizan, an entrepreneur from the Kingdom of Saudi Arabia.

With an initial paid-up capital of Rs. 3 billion (US$ 50 million), the Bank has a vision of establishing a network of state-of-the-art branches all over the country which will provide financial solutions to all segments of an increasingly Shari'ah conscious business and consumer society.

DIBL will provide its customers with Shari'ah compliant solutions at an affordable cost and will also offer superior levels of service. The Bank is poised to assume a leadership position through its superior technology and unrivalled customer centricity.

In addition to the standard and innovative products in retail and corporate banks, DIBL focuses on the growing segment of importers and exporters that are reluctant of utilizing bank financing with the fear of breaching Islamic laws as defined in the Holy Qur'an and Sunnah. This segment is still substantially untapped, even by existing Islamic Financial Institutions hence this will be the core focus of the Bank's marketing strategy.

DIBL will be present throughout Pakistan wherever the institution can transact sustainable its retail and corporate business. This presence will not only be achieved through full fledged branches but also through designated service centres in which the Bank will also offer a limited amount of retail products which will allow it to focus on deposit mobilization and trade finance at the same time.

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