AskBiography Logo   Latest News  Follow Us on Twitter  Follow Us on Google Buzz  Became Fan - Facebook  Subscribe to RSSRSS   Bookmark and Share

Dubai Banking Group

Company nameDubai Banking Group
Company typeSubsidiary
IndustryDiversified Investments
Key peopleSalaam Al-Shaksy, CEO

     Home | Company | Dubai Banking Group

Dubai Banking Group is the global shari'a compliant financial investor of Dubai Group with assets valued at over USD 10 billion (AED 36.7 billion) . The group was established in 2007 when Dubai Islamic Investment Group, founded in 2004, and Dubai Bank, founded in 2002, consilidated their activities to form Dubai Banking Group.

Dubai Banking Group's major investments include:

* 100% ownership of Dubai Bank

* 100% ownership of Dubai Tadawul, a Duabi based private brokerage company

* 51% stake in Al Fajer Re-Takaful, a closed Kuwaiti shareholding company

* 40% stake in Bank Islam, Malaysia’s oldest and largest Islamic bank

* 40% stake in ACR Re-Takaful Holdings Limited, the world's largest reinsurance company

* 33.33% stake in National Bonds UAE, the national Shari'ah-compliant saving scheme

* 18.75% stake in BankIslami Pakistan, the first bank to receive an Islamic Banking License in Pakistan

Warning: simplexml_load_file( [function.simplexml-load-file]: failed to open stream: HTTP request failed! HTTP/1.0 410 Gone in /home/askbio/public_html/index_bio.php on line 257

Warning: simplexml_load_file() [function.simplexml-load-file]: I/O warning : failed to load external entity "" in /home/askbio/public_html/index_bio.php on line 257

Fatal error: Call to a member function children() on a non-object in /home/askbio/public_html/index_bio.php on line 260