Dubai Bank is an Islamic bank based in Dubai

Dubai

Dubai is a city and emirate in the United Arab Emirates . The emirate is located south of the Persian Gulf on the Arabian Peninsula and has the largest population with the second-largest land territory by area of all the emirates, after Abu Dhabi...

, UAE. Launched in September 2002, the Bank became a Shari’a-compliant financial institution with a focus on the UAE’s Islamic banking sector on January 1, 2007. Dubai Bank is part of the Dubai Group

Dubai Group

Dubai Group is an investment company based in the United Arab Emirates, and a subsidiary of Dubai Holding. Originally founded in 2000 as The Investment Office, the company was renamed Dubai Group in 2005...

, a Dubai Holdings company.

The bank increased its capital to AED 1.50 Billion in 2007 and is on an expansion spree, and as of March 2008 has total assets of AED 14.4 billion.