As it celebrates the 50th anniversary of the UAE
Dubai : Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE and the second largest Islamic bank in the world, today announced it has identified 50 UAE nationals for career progression, including promotion. The decision will see them rewarded with key roles in the organization, providing them with the skills and opportunity to become tomorrow’s industry leaders.
The initiative marks the UAE’s 50th year, is in line with the Government and Dubai Islamic Bank’s Emiratization agenda and further reinforces the bank’s award-winning efforts in developing, retaining, and empowering local talent. DIB has repeatedly shown itself to be a strong advocate for Emiratis looking to join the private sector and is closely aligned with the UAE’s ‘Projects of the 50’.
As the UAE leadership continues to introduce more progressive legislations, and initiatives to strengthen the nation’s human capital DIB is leading the charge towards ensuring that Emirati talent is empowered to reach their full potential.
Commenting on the announcement, Dr. Adnan Chilwan, Dubai Islamic Bank’s Group Chief Executive Officer, said; “On the unique occasion of the UAE’s Golden Jubilee we have decided to celebrate this special event by promoting 50 UAE nationals from within our workforce.
“Those selected for promotion work across a diverse range of job levels and departments and have shown themselves to be exceptional performers with significant future career potential.
“Our goal is to create the profession’s next generation of leaders and DIB’s longstanding legacy of supporting the personal and professional development of UAE Nationals has resulted in numerous Emiratis securing leadership positions within the bank.”
Recognized as an ‘Employer of Choice’ amongst Emiratis, it has successfully cultivated a diverse and inclusive work environment that offers outstanding prospects for UAE Nationals. Significant emphasis is placed on providing tailored on-the-job training and this approach has seen the bank successfully create a cohort of highly qualified, skilled, and competent Emiratis. Unlike some employers DIB emphasizes the importance of creating meaningful job opportunities for Emiratis rather than focusing just on the number of UAE nationals they recruit.
The Bank’s approach to recruitment also differs in that it has chosen to distance itself from the traditional quantitative method of recruiting UAE nationals to a more a targeted, qualitative approach that looks identify the career potential of individual employees in key roles.
DIB strongly believes the private sector, specifically banking, offers Emirati’s career opportunities to grow and learn and has made significant efforts to promote its Emiratization agenda despite the challenges posed by the COVID-19 pandemic.
DIB’s Emiratization strategy has proven to be a successful driver for future growth and through initiatives such as this it hopes to inspire other Emiratis to consider an engaging and dynamic career at the Bank.
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About Dubai Islamic Bank:
Established in 1975, Dubai Islamic Bank is the largest Islamic bank in the UAE by assets and a public joint stock company listed on the Dubai Financial Market. Spearheading the evolution of the global Islamic finance industry, DIB is also the world’s first full service Islamic bank and the second largest Islamic bank in the world. With Group assets in excess of USD 80bln and market capitalization of nearly USD 10bln, the group operates with a workforce of more than 10,000 employees and around 500 branches in its vast global network across the Middle East, Asia and Africa. Serving over 3 million customers across the Group, DIB offers an increasing range of innovative Shariah compliant products and services to retail, corporate and institutional clients.
In addition to being the first and largest Islamic bank in the UAE, DIB has a significant international presence as a torchbearer in promoting Shari’ah-compliant financial services across a number of markets worldwide. The bank has established DIB Pakistan Limited, a wholly owned subsidiary which is the first Islamic bank in Pakistan to offer Priority & Platinum Banking, as well as the most extensive and innovative portfolio of Alternate Distribution Channels. The launch of Panin Dubai Syariah Bank in Indonesia early in 2017 marks DIB’s first foray in the Far East, the bank owns a nearly 25% stake in the Indonesian bank. Additionally, in May 2017, Dubai Islamic Bank PJSC was given the license by the Central Bank of Kenya (CBK) to operate its subsidiary, DIB Kenya Ltd. DIB has been designated as D-SIB (Domestic Systemically Important Bank) in 2018 in UAE. In early 2020, DIB completed the acquisition of Noor Bank, which solidifies its position as a leading bank in the global Islamic finance industry.
The Bank’s ultimate goal is to make Islamic finance the norm, rather than an alternative to conventional banking worldwide. DIB has won a range of accolades that are testament to these efforts across diversified areas, including retail, corporate and investment banking, as well as CSR and consultancy services. DIB has been named the Best Islamic Bank in various prestigious ceremonies and recognized for its outstanding performance amongst the world’s Islamic Banks, marking it a clear indication of the bank’s leadership position in the Islamic finance sector.
