- Dubai Banking Group
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Dubai Banking Group Type Subsidiary Industry Diversified Investments Founded 2004 Headquarters Dubai, United Arab Emirates Key people Salaam Al-Shaksy, CEO 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, consilidated 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 Duabi 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
References
- ^ http://islamicfinancenews.wordpress.com/2008/05/10/dubai-banking-group-to-consolidate-dubai-as-islamic-finance-hub
- ^ http://archive.gulfnews.com/articles/07/06/25/10134786.html
- ^ http://www.zawya.com/cm/profile.cfm/cid1000532
- ^ http://www.gulfnews.com/Business/Insurance/10187051.html
- ^ http://www.uaeinteract.com/docs/Worlds_largest_re-takaful_firm_set_up___/29968.htm
- ^ http://www.arabianbusiness.com/520386-dubai-forms-islamic-banking-body
- ^ http://www.ameinfo.com/68619.html
External links
- http://www.dubaigroup.com
- http://www.dubaigroup.com/ourcompanies/dubaibankinggroup/ Dubai Banking Group
Categories:- Companies of the United Arab Emirates
- Investment companies of the United Arab Emirates
- Financial services company stubs
- United Arab Emirates stubs
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