Dubai Banking Group Explained
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'ah-compliant saving scheme
- 18.75% stake in BankIslami Pakistan, the first bank to receive an Islamic Banking License in Pakistan[7]
See also
External links
Notes and References
- Web site: Dubai Banking Group to consolidate Dubai as Islamic finance hub | Islamic Finance Resource . Islamicfinancenews.wordpress.com . 2008-05-10 . 2015-04-16.
- Web site: Gulfnews : Dubai Bank's parent to buy 32% stake in Shuaa Capital . https://archive.today/20120701122014/http://archive.gulfnews.com/articles/07/06/25/10134786.html . 1 July 2012 . dead.
- Web site: Dubai Bank PJSC in Dubai, UAE, Masref Dubai . Zawya.com . 2015-04-16.
- Web site: Dubai Group unit acquires 51% stake in Al Fajer Re . GulfNews.com . 2008-02-04 . 2015-04-16 . https://web.archive.org/web/20080607074809/http://www.gulfnews.com/business/Insurance/10187051.html . 2008-06-07 . dead .
- Web site: World's largest re-takaful firm set upUAE - The Official Web Site - News . Uaeinteract.com . 2015-04-16.
- Web site: Khan . Liaquat . Dubai forms Islamic banking body . ArabianBusiness.com . 2015-04-16.
- http://www.ameinfo.com/68619.html
