Dubai Islamic Bank completes integration of Noor Bank

  DUBAI - Dubai Islamic Bank (DIB) announced on Monday (November 2) that it has completed the integration of Noor Bank. DIB’s acquisition of Noor Bank makes it one of the largest Islamic banks in the world with total assets exceeding Dh300 billion. “The transition was smooth and the project concluded successfully and all service restored prior to scheduled resumption with minimal customer impact,” said Adnan Chilwan, Group Chief Executive Officer. "The UAE is recognised as the epicentre of the Islamic economy and the successful completion of this acquisition clearly evidences the alignment of Dubai Islamic Bank to Dubai’s role as a global hub for Islamic finance, encouraging greater investment and growth in key sectors such as infrastructure, innovation and services," he added.
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