Dubai Banking Group

Dubai Banking Group
Company typeSubsidiary
IndustryDiversified Investments
Founded2004
Headquarters
Dubai
,
United Arab Emirates
Key people
Salaam Al-Shaksy, CEO
ParentDubai 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).[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.

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'a-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

References

  1. ^ "Dubai Banking Group to consolidate Dubai as Islamic finance hub | Islamic Finance Resource". Islamicfinancenews.wordpress.com. 2008-05-10. Retrieved 2015-04-16.
  2. ^ "Gulfnews : Dubai Bank's parent to buy 32% stake in Shuaa Capital". Archived from the original on 1 July 2012.
  3. ^ "Dubai Bank PJSC in Dubai, UAE, Masref Dubai". Zawya.com. Retrieved 2015-04-16.
  4. ^ "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.
  5. ^ "World's largest re-takaful firm set upUAE - The Official Web Site - News". Uaeinteract.com. Retrieved 2015-04-16.
  6. ^ Khan, Liaquat. "Dubai forms Islamic banking body". ArabianBusiness.com. Retrieved 2015-04-16.
  7. ^ [1] Archived January 29, 2006, at the Wayback Machine


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