THE MIDDLE EAST'S

TOP 30 BANKS 2022

10. Dubai Islamic Bank (DIB)

Country : U.A.E.
Group CEO: Adnan Chilwan
Market value: $11.3 billion
Revenues: $3.2 billion
Profits : $1.2 billion
Assets: $76 billion

DIB is one of the world’s largest Islamic banks. In February 2022, DIB became a member of U.A.E. Trade Connect, a commercialized blockchain platform co-created by Etisalat Digital, several banks in the U.A.E., and Avanza Innovations. DIB announced in August 2021 that it is increasing its foreign ownership limit from 25% to 40%. The Investment Corporation Of Dubai is the biggest shareholder in DIB, holding 28%.