DIBPL wins ‘Best Islamic Retail Bank in Asia’ award
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Dubai Islamic Bank Pakistan Limited (DIBPL) one of the fastest growing Islamic banks in Pakistan has been awarded “Best Islamic Retail Bank in Asia” by the CPI Financial in Dubai, UAE. DIBPL was given the Best Islamic Retail Bank in Asia award for the bank’s achievements in product innovation, comprehensive suite of Halal financial solution and sustainable business growth. The DIBPL Chairman, Mohamed Saeed Ahmed Abdulla Al Sharif and CEO of DIBPL Junaid Ahmed, were presented the award in Dubai, at the CPI Financial Award ceremony for Islamic Business & Finance.
The ceremony was also attended by the Presidents and CEOs of other Islamic banks as well. Junaid Ahmed said that Dubai Islamic Bank being the pioneer and leading Islamic banking institution globally is committed to the long-term prosperity of Pakistan and Islamic Finance as a whole.
Junaid Ahmed said that DIBPL is a wholly owned subsidiary of Dubai Islamic Bank UAE, the world’s first Islamic bank. Alhamdulillah, DIBPL is a Minimum Capital Requirement (MCR) compliant bank that enjoys a short-term credit rating of ‘A-1’ and long-term credit rating of ‘A+’, with a “positive” outlook from JCR-VIS. He further stated that DIB UAE Group is one of the largest Islamic bank in the world total asset base of approximately over Rs 4.5 trillion (US Dollars 41 billion) at September 30, 2015.
He further said that DIBPL intends to keep this momentum going for 2016 as well, aiming to take the overall branch footprint of over 250 locations nation-wide. This will enable more customer convenience and highlight the Bank’s endeavour for bring world class Islamic Banking at the customer’s doorstep.
Questions & Answers
Q.What specific reasons did CPI Financial give for awarding DIBPL the 'Best Islamic Retail Bank in Asia' award?
What specific reasons did CPI Financial give for awarding DIBPL the 'Best Islamic Retail Bank in Asia' award?
DIBPL received the award for its achievements in product innovation, offering a comprehensive suite of Halal financial solutions, and demonstrating sustainable business growth. These factors contributed to its recognition.
Q.Who presented the award to DIBPL and where did the ceremony take place?
Who presented the award to DIBPL and where did the ceremony take place?
The award was presented to the DIBPL Chairman, Mohamed Saeed Ahmed Abdulla Al Sharif, and CEO Junaid Ahmed. The ceremony for Islamic Business & Finance was held in Dubai, at the CPI Financial Award event.
Q.What are DIBPL's current credit ratings and what is the outlook?
What are DIBPL's current credit ratings and what is the outlook?
DIBPL holds a short-term credit rating of 'A-1' and a long-term credit rating of 'A+', both with a 'positive' outlook from JCR-VIS. It is also a Minimum Capital Requirement (MCR) compliant bank.
Q.What is DIBPL's strategic goal regarding its branch network for 2016?
What is DIBPL's strategic goal regarding its branch network for 2016?
DIBPL aims to expand its overall branch footprint to over 250 locations nationwide in 2016. This expansion is intended to improve customer convenience and deliver world-class Islamic Banking.
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