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He began work for Dubai Islamic Bank in 2008, first serving as the Chief of Retail Banking and later as the Deputy Chief Executive Officer. [5] [6] In 2010, he became a founding member of the board of directors for the Sharia-compliant Emirates Real Estate Investment Trust, a joint venture between Dubai Islamic Bank and Eiffel Management. [7]
The Dubai Islamic Bank (DIB) fraud case was a case originally brought in 2008 that involved the alleged embezzlement of 1.8 billion Dirhams (approximately US$501 million or £330 million) by a group of six (originally seven) bank executives and expat businessmen over the period 2004-2007.
Bank Name [1] Bank name (in Arabic) Headquarters Stock code (if applicable) [2] [3] Abu Dhabi Commercial Bank: بنك أبوظبي التجاري: Abu Dhabi: ADX: ADCB: Abu Dhabi Islamic Bank
USD $79.5 billion (2023 [1]) Number of employees. 10,000 [1] Website. www.dib.ae. The Dubai Islamic Bank (DIB) is an Islamic bank in Dubai, established in 1975 by Saeed Bin Ahmed Lootah. It is the first Islamic bank in the world to have incorporated the principles of Islam in all its practices and is the largest Islamic bank in the United Arab ...
In 1975, the Islamic Development Bank was set up with the mission to provide funding to projects in the member countries. [72] The first modern commercial Islamic bank, Dubai Islamic Bank, was established in 1979. [73] The first Islamic insurance (or takaful) company – the Islamic Insurance Company of Sudan – was established in 1979. [65]
Location of the United Arab Emirates. The United Arab Emirates is a country at the southeast end of the Arabian Peninsula on the Persian Gulf.. The economy is the second largest in the Arab world (after Saudi Arabia), with a gross domestic product (GDP) of US$570 billion (DH 2.1 trillion) in 2014.
In 2008, Al Shaibani was appointed as chairman of the Board of Directors of Dubai Islamic Bank (DIB), [14] an Islamic bank based in Dubai. DIB is also considered as the first bank in the world to apply Islamic principles in all its practices. [15] Al Shaibani signs with Aliko Dangote the acquisition of Dangote Cement by ICD in 2014.
C. Central Bank of the United Arab Emirates. Citibank United Arab Emirates. Commercial Bank of Dubai.