DIB subsidiary also awarded ‘Best Islamic Consultancy Firm’ for fourth year in a row
Dubai, November 19, 2013
Dubai Islamic Bank ( DIB ) announced that its Sharia consultancy subsidiary, Dar Al Sharia Legal & Financial Consultancy LLC (DAS) has been named “Best Sharia Advisory Firm” and “Best Islamic Consultancy Firm” in the Islamic Finance News – Best Services Providers Poll 2013.
Established in 2007, Dar Al Sharia provides Sharia, legal and financial consultancy and advisory services for all types of Islamic finance transactions in the region and around the world. In a very short period, the firm has become one of the most renowned and trusted Sharia consulting firms globally.
The Islamic Finance News Best Service Providers poll honors leading institutions in the Islamic financial services industry. Dar Al Sharia has continued to win ‘Best Sharia Advisory Firm’ since 2009, and ‘Best Islamic Consultancy Firm’ since 2010.
“Over the past five years, Dar Al Sharia has continued to enhance its products and services by developing its enormous depth of talent, including Sharia scholars, lawyers, bankers, trainers and auditors. Winning both these awards consecutively over the years is indicative of how we have gained an unrivalled level of expertise in the industry and how we continue to exceed client expectations,” said Sohail Zubairi, Chief Executive Officer, Dar Al Sharia. “We are extremely honored to be recognized for our efforts in this regard and I would like to thank our customers for their continued confidence in our services, DIB for its strong support and the Dar Al Sharia team for the excellent performance over the years”.
About Dubai Islamic Bank :
Dubai Islamic Bank ( DIB ), established in 1975, is the first Islamic bank to have incorporated the principles of Islam in all its practices and is the largest Islamic bank in the UAE. DIB is a public joint stock company, and its shares are listed on the Dubai Financial Market. The bank enjoys a reputation as a leader and innovator in maintaining the quality, flexibility and accessibility of its products and services. The bank currently operates 85 branches in the
DIB has been proactive in creating partnerships and alliances at both the local and international level. The bank has established DIB Pakistan Limited, a wholly owned subsidiary which has a network of more than 100 branches across 36 major cities in Pakistan. DIB has also started operations in Jordan, with the establishment of Jordan Dubai Islamic Bank .
Alongside its accomplishments as a commercial organisation, DIB has always recognised its wider role in society. The bank supports the communities in which it operates through the DIB Foundation, a non-profit social, humanitarian and charitable organisation which distributes millions of dirhams to good causes at home and abroad each year.
DIB has earned the respect of its peers around the world for many years, and its leading position has been reaffirmed by the 104 local, regional and international accolades that it has won since 2008. DIB has won awards across diversified areas, including retail, corporate and investment banking, as well as CSR and consultancy services. The bank’s most recent awards include being named “Best Islamic Retail Bank, UAE”, “Best Sukuk Arranger” and “Best Islamic Credit Card” by Banker Middle East magazines, and being named “Best Sukuk House” by EMEA Finance Middle East Banking Awards 2012.
© Press Release 2013