THE MIDDLE EAST’S

14. Dubai Islamic Bank (DIB)

Country: U.A.E.
Group CEO: Adnan Chilwan
Market value: $12.6 billion

DIB provides Shariah-compliant banking services to over five million customers across seven countries, including the U.A.E., Pakistan, Sudan, Indonesia, Bosnia, Kenya, and Türkiye. DIB’s net profit grew by 26.3% to hit $1.9 billion in 2023, while the bank’s total assets recorded $85.6 billion. In September 2023, DIB announced that it would acquire a 20% stake in Türkiye’s T.O.M. Group with an option to increase it to 25% within 12 months in a move to enter the Turkish digital banking and financial technology sector.