Dubai Islamic Bank takes the retail route
Dubai Islamic Bank has been expanding its sharia-compliant products range, introducing new types of investments to the retail market, including its first sharia-compliant commodity-linked note. Amanda Lee reports
Dubai Islamic Bank (DIB) has been offering sharia-compliant structured products since 2004. But it has really been this year that the Islamic retail bank has put in place a retail distribution structure.
"The aim of the retail banking investment platform is to provide our customers with options other than offerings such as plain vanilla deposits and accounts," says Naveed Ahmad, Dubai-based head of investments and product development, wealth management, at DIB. "This strategy is to educate our
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