Dubai Islamic Bank Pakistan Limited (DIBPL) is a wholly-owned subsidiary of Dubai Islamic Bank UAE (DIB). The Bank has maintained its position as an innovative solution provider to all the financial needs of its customers, in accordance to Shari’a. DIBPL was incorporated in Pakistan as an unlisted public limited company on May 27, 2005 under the Companies Ordinance (1984) to carry out the business of an Islamic Commercial Bank in accordance with the principles of Islamic Shari’a. The State Bank of Pakistan (SBP) granted a license to the Bank on November 26, 2005 and subsequently the Bank received the Certificate of Commencement of Business from the Securities and Exchange Commission of Pakistan (SECP) on January 26, 2006. The Bank commenced operations as a scheduled Islamic Commercial Bank with effect from March 28, 2006. In recent years, DIBPL management has taken initiatives towards bringing excellence in its organizational operations. Apart from aligning the processes with its improved Vision, Mission and Values; DIBPL has initiated launching of New Products, New Branches, Learning & Development Interventions and Continuous Improvement in Systems and Processes. DIBPL stands today at 243 locations (200 branches and 43 branchless banking booths) in 62 cities across Pakistan. As an Minimum Capital Requirement (MCR) compliant Bank, the DIBPL enjoys a short-term credit rating of ‘A-1’ and long-term credit rating of ‘AA-’ with a “Stable” outlook, indicating the bank’s robust position in the industry. The Bank continues to reaffirm its commitment to Pakistan with new branches and absolutely Halal & Shari’a compliant new products and services. Aside from providing comprehensive banking services, DIBPL takes on the role of both an investor and a facilitator to serve as a catalyst for further Foreign Direct Investment (FDI) in the country. Pakistan exchequer has benefitted from over US $130 million of FDI from DIBPL alone. The Bank continues to play an active role in developing the market of Islamic commercial paper in Pakistan by participating in all major Sovereign Islamic Sukuk issue from the Government of Pakistan as well as Sukuk issue from the private sector. DIBPL has been very active in attracting FDI from the UAE corridor. In fact, the Bank is already working closely with a number of UAE based large business corporations such as Dubai Ports, Nakheel LLC, and Emaar in identifying opportunities and channeling hard flows into the country. The Bank has also been actively involved in bringing global brands to Pakistan and is honored to act as the sole financial adviser for various global franchises operating in Pakistan. DIBPL is the first Islamic Bank in Pakistan to be offering Priority & Platinum Banking and the most extensive & innovative portfolio of Alternate Distribution Channels (ADCs) which includes VISA ATM/Debit Card, Internet Banking, SMS Banking, Phone Banking, Mobile Internet Banking, Inter Bank Fund Transfer and over 97 ATMs & CDMs across Pakistan. DIBPL is currently one of the most active players in the Consumer Autos and Home Finance industry with the combined portfolio standing way above PKR 10 Billion. DIBPL continues to strive and expand its sphere of World Class Banking expertise in Retail, Corporate, Trade and Investment Banking services across Pakistan. The Bank’s endeavor since inception has been to provide a variety of unique and Shari’a compliant products and services to all customers. In this respect, DIBPL has had first-mover advantage in a variety of Islamic banking services such as Priority Banking, Platinum Banking, VISA Debit Card, BancaTakaful, Branchless Banking and Cash Management Services. Being an Islamic Bank, DIBPL has not only been a provider of “halaal” employment opportunities to young business and commerce graduates, but has also contributed to social development through its charity fund to leading charitable foundations. This includes providing support to hospitals providing medical treatment to the indigent and flood relief programs. DIBPL aspires to be the leading Islamic Bank in the industry through branch expansion, introduction of innovative & comprehensive products, effective compliance and cost control measures, induction of qualified Islamic banking professionals, implementation of state-of-the-art banking system, maintaining complete transparency and high ethical standards in its dealings with customers. Enhancing its reputation built on the guiding principles of ethical and responsible modes of banking and finance, Dubai Islamic Bank Pakistan remains exceptionally well-placed to meet the banking challenges as it strives for excellence in the provision of Islamic Banking for today’s world. With path-breaking vision and bold strategies, Dubai Islamic Bank Pakistan endeavors to enhance its status as an industry leader committed to the goal of providing "the better way to bank".
