Dubai Islamic Bank Pakistan Limited (DIBPL) one of the fastest growing Islamic banks in Pakistan has been awarded “Best Islamic Retail Bank in Asia” by the CPI Financial in Dubai, UAE. DIBPL was given the Best Islamic Retail Bank in Asia award for the bank’s achievements in product innovation, comprehensive suite of Halal financial solution and sustainable business growth. The DIBPL Chairman, Mohamed Saeed Ahmed Abdulla Al Sharif and CEO of DIBPL Junaid Ahmed, were presented the award in Dubai, at the CPI Financial Award ceremony for Islamic Business & Finance.
The ceremony was also attended by the Presidents and CEOs of other Islamic banks as well. Junaid Ahmed said that Dubai Islamic Bank being the pioneer and leading Islamic banking institution globally is committed to the long-term prosperity of Pakistan and Islamic Finance as a whole.
Junaid Ahmed said that DIBPL is a wholly owned subsidiary of Dubai Islamic Bank UAE, the world’s first Islamic bank. Alhamdulillah, DIBPL is a Minimum Capital Requirement (MCR) compliant bank that enjoys a short-term credit rating of ‘A-1’ and long-term credit rating of ‘A+’, with a “positive” outlook from JCR-VIS. He further stated that DIB UAE Group is one of the largest Islamic bank in the world total asset base of approximately over Rs 4.5 trillion (US Dollars 41 billion) at September 30, 2015.
He further said that DIBPL intends to keep this momentum going for 2016 as well, aiming to take the overall branch footprint of over 250 locations nation-wide. This will enable more customer convenience and highlight the Bank’s endeavour for bring world class Islamic Banking at the customer’s doorstep.
