Dubai Islamic Bank, Noor Bank to have largest Islamic bank – ZAWYA

Dubai Islamic Bank, Noor Bank to have largest Islamic bank – ZAWYA

Dubai Islamic Bank, Noor Bank to have largest Islamic bank. Dubai Islamic Bank (DIB) on Thursday announced that it completed the acquisition of Noor Bank to become one of the largest Islamic banks in the world with total assets exceeding Dh275 billion.. Mohammed Ibrahim Al Shaibani, chairman of DIB, said the acquisition of Noor Bank is a landmark achievement, establishing DIB as one of the largest Islamic banks in the world and amongst the largest banking entities in the UAE.. The acquisition has made DIB the fourth largest bank in the UAE in terms of assets after First Abu Dhabi Bank , Emirates NBD and Abu Dhabi Commercial Bank (ADCB).. It is the biggest banking merger since May 2019 when the ADCB, Union National Bank and Al Hilal Bank merged their operations to create the third largest bank in the UAE with Dh423 billion assets.. Dubai Islamic Bank, which was established in 1975, is the largest Islamic bank in the UAE by assets and a public joint stock company listed on the Dubai Financial Market..