In 2006, Dubai Islamic Bank Pakistan Limited integrated its operations; short form of the bank is DIBPL. Significantly, remarkable performances have been projected by the bank to expand its branch network across the country. The bank offers the state-of-the-art Shariah amenable products under its customer banking division, which in fact gives a strong competition to the other conservative banks in the market.
The bank is remarkably known in the medium of Private, Retail, Medium and Small Enterprises, Investment Banking, Corporate and Advisory services. The bank has introduced financial products that cover Auto Financing, Home Financing and Depository products. The bank has played an extinguishing role in launching Pakistan’s first Islamic Visa Debit Card. Priority Banking and Internet Banking are the products launched by Dubai Islamic Banking Pakistan Limited and these are the leading products in their particular categories.
In addition to banking services, DUBAI ISLAMIC BANK PAKISTAN LIMITED is devoted to bring foreign reserves to the country; which is an incredible contribution by the bank to the country. They have also played a major role in convincing the foreign investors and world legendary giants from the GCC to be the part of Pakistan’s financial system. DIBPL is the subordinate of Dubai Islamic Bank PJSC that is Public Joint Stock Company and its designated shareholders.
In year 2012, the bank has achieved frequent achievements and has recorded revenue of PKR 501 million, which is 38%more then the revenue recorded in 2011. Over the year the reserves grew too significantly by 65%, which is a total of PKR 21.33 billion.
In 2012, the bank has facilitated many cities by opening 25 new branches and then in no time they have introduced 100 branches in 35 cities, which is a notable attempt made by them. Adding up to this, they have also established 15 branchless banking for the consumers. They have planned the same strategy for the coming up year that is 2013; they are aiming to launch 125 banking branches and 40 branchless banking booths.
As it is the world’s foremost Islamic bank that has opened its way across Pakistan and is trying to provide “World Class Banking” according to Shariah with full determination. DIBPL is known to be the father of Islamic Banking with a network of 300 Islamic financial institutes. By keeping their motives high, they are also providing a variety of banking services which includes Banca Takaful, Branchless Banking and Cash Management Services.