Financial Information
| Figure | 2004 | 2003 | 2002 |
|---|---|---|---|
| Total Assets | 30,613,361 | 22,778,319 | 19,587,790 |
| Shareholder's Equity | 2,687,419 | 1,548,180 | 1,473,986 |
| NIAT | 461,003 | 234,456 | 159,798 |
| Dividends | NA | 150,000 | 100,000 |
| Assets Growth | 34.40% | 16.23% | 27.81% |
| Earning Growth | 96.64% | 46.72% | 4.77% |
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 currently operates 62 branches in the UAE.
DIB is involved in local and international partnerships, having established DIB Pakistan Limited, a wholly owned subsidiary which has a network of 75 branches across 27 major cities in Pakistan. DIB also has a representative office in Turkey, and has received a preliminary banking licence by the Central Bank of Jordan to operate as an Islamic financial institution through a new entity - Jordan Dubai Islamic Bank.
Read more about this topic: Dubai Islamic Bank
Famous quotes containing the words financial and/or information:
“Creditor. One of a tribe of savages dwelling beyond the Financial Straits and dreaded for their desolating incursions.”
—Ambrose Bierce (1842–1914)
“So while it is true that children are exposed to more information and a greater variety of experiences than were children of the past, it does not follow that they automatically become more sophisticated. We always know much more than we understand, and with the torrent of information to which young people are exposed, the gap between knowing and understanding, between experience and learning, has become even greater than it was in the past.”
—David Elkind (20th century)