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Salama Islamic Arab Insurance Company (Arabic: الشركة الإسلامية العربية للتأمين) also known as Salama is one of the largest and most established providers of Shariah-compliant Takaful [1] solutions globally. It is listed on the Dubai Financial Market [2] and has a paid-up capital of AED 939 million (USD 255 million ...
Dubai Islamic Bank Pakistan: Dubai Islamic Bank Pakistan was established in 2006 as a fully owned subsidiary. Panin Dubai Syariah Bank: 38.3% ownership in a Shariah-compliant player in Indonesia, which has one of the largest Muslim populations in the world. Bank of Khartoum: DIB holds a stake in Bank of Khartoum, one of the largest banks in Sudan.
He began work for Dubai Islamic Bank in 2008, first serving as the Chief of Retail Banking and later as the Deputy Chief Executive Officer. [ 5 ] [ 6 ] In 2010, he became a founding member of the board of directors for the Sharia-compliant Emirates Real Estate Investment Trust, a joint venture between Dubai Islamic Bank and Eiffel Management.
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.
Islamic banks often use "parallel" salam contracts and acting as a middleman. One contract is made with a seller and another with a purchaser to sell the good for a higher price. Examples of banks using these contracts are ADCB Islamic Banking and Dubai Islamic Bank. [108] Basic features and conditions of a proper salam contract
Dubai Group (Arabic: مجموعة دبي) is an Emirati investment company based in the United Arab Emirates, and a subsidiary of Dubai Holding. The company was founded in 2000 as the Investment Office, and was renamed Dubai Group in 2005. [ 1 ]
Global Islamic Finance Report (GIFR) is an annual publication, covering recent developments in the global Islamic financial services industry. It was produced by Edbiz Consulting, a London-based Islamic advisory firm in conjunction with the Cambridge Institute of Islamic Finance.
CIMB Islamic operates in parallel with these businesses, in line with the group's dual banking model. [5] [6] The group has around 33,000 employees in 18 countries, covering ASEAN and major global financial centres, as well as countries in which its customers have significant business and investment dealings. [7]