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).[1] The group was established in 2007 when Dubai Islamic Investment Group, founded in 2004, and Dubai Bank, founded in 2002, consolidated their activities to form Dubai Banking Group.
| Company type | Subsidiary |
|---|---|
| Industry | Diversified Investments |
| Founded | 2004 |
| Headquarters | Dubai , |
Key people | Salaam Al-Shaksy, CEO |
| Parent | Dubai Group |
Dubai Banking Group's major investments include:
- 100% ownership of Dubai Bank[2]
- 100% ownership of Dubai Tadawul, a Dubai-based private brokerage company[3]
- 51% stake in Al Fajer Re-Takaful, a closed Kuwaiti shareholding company[4]
- 40% stake in Bank Islam, Malaysia's oldest and largest Islamic bank[5]
- 40% stake in ACR Re-Takaful Holdings Limited, the world's largest reinsurance company[6]
- 33.33% stake in National Bonds UAE, the national Shari'ah-compliant saving scheme[citation needed]
- 18.75% stake in BankIslami Pakistan, the first bank to receive an Islamic Banking License in Pakistan[7]
See also
editReferences
edit- ^ "Dubai Banking Group to consolidate Dubai as Islamic finance hub | Islamic Finance Resource". Islamicfinancenews.wordpress.com. 2008-05-10. Retrieved 2015-04-16.
- ^ "Gulfnews : Dubai Bank's parent to buy 32% stake in Shuaa Capital". Archived from the original on 1 July 2012.
- ^ "Dubai Bank PJSC in Dubai, UAE, Masref Dubai". Zawya.com. Retrieved 2015-04-16.
- ^ "Dubai Group unit acquires 51% stake in Al Fajer Re". GulfNews.com. 2008-02-04. Archived from the original on 2008-06-07. Retrieved 2015-04-16.
- ^ "World's largest re-takaful firm set upUAE - The Official Web Site - News". Uaeinteract.com. Retrieved 2015-04-16.
- ^ Khan, Liaquat. "Dubai forms Islamic banking body". ArabianBusiness.com. Retrieved 2015-04-16.
- ^ [1] Archived January 29, 2006, at the Wayback Machine
External links
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