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Tuesday, November 24 - 2009

DIB concludes eighth round of 'Emarati' training programme

  • United Arab Emirates: Tuesday, August 26 - 2008 at 16:07
  • PRESS RELEASE

Dubai Islamic Bank (DIB) recently concluded the eighth round of its Emarati training programme aimed at enhancing the banking and professional skills of UAE national graduates.

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  • Participants in the Emarati training programme.
    Participants in the Emarati training programme.
A graduation ceremony was held on August 16, 2008, to present certificates to the participants of the programme, at Dubai Chambers, which was attended by senior officials from DIB. The certificates were presented by Obaid Al Shamsi, Human Resources Manager of DIB.

The programme, which began in December 2007 and ran for six months, featured two months of theoretical training, followed by four months of practical training at the "DIB Retail Banking Services Virtual Training Centre" in Dubai, which provides staff with advanced training, experience, skills and insights into meeting the needs of the bank's clients.

Fourteen UAE national graduates from the Emarati programme will go on to work in the bank's various divisions. Dubai Islamic Bank has trained more than 250 UAE nationals in the previous rounds of its "Emarati" programme, which was launched in 2004.

Rafiaa Al Abaar, Head of Emiratisation Department, DIB Group, said:
"The Emarati programme is part of the bank's strategy to invest in our human resources and introduce trainees to the bank's overall vision, while imparting practical training. Pupils of the previous Emarati programmes have found this training extremely useful in orienting them for a career in Islamic banking and learning the principles of advanced banking and customer service models. As we move towards greater Emirati representation in the workforce at DIB, such programmes not only help in refining the skills of entry level recruits, but also result in better customer service management at the branch level."


She added: "UAE nationals now account for 45% of the workforce at DIB. As we continue to increase our number of branches from 50 to 60 and further expand our suite of products and services this year, DIB recognises the importance of developing a strong pipeline of skilled Islamic banking professionals who can take up the new positions. Initiatives like the Emarati programme will definitely help the bank in achieving its ambitious growth targets, going forward."
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Dubai Islamic Bank is a Sharia-compliant financial institution. As such, please refrain from using any of the following terms in reference to the bank and its activities:
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About Dubai Islamic Bank:
Dubai Islamic Bank (DIB), established in 1975, is the first Islamic bank to have incorporated the principles of Islam in all its practices. DIB is a public joint stock company and its share is quoted on the Dubai Financial Market. The bank enjoys a reputation as a leader and innovator in maintaining the quality, flexibility and accessibility of its products and services. In a very short space of time it has created market leading services and products that are setting benchmarks for the rest of the sector.

The bank reported Dhs2.5bn in net profit for the year ending December 31, 2007, rising by 60 per cent compared to Dhs1.56bn for 2006. The bank recorded total revenues of Dhs7bn for 2007, rising by 46 per cent compared to Dhs4.8bn for 2006. Total assets in 2007 reached to Dhs84.3bn, an increase of 31 per cent compared to Dhs64.4bn in 2006.

DIB set a world record by raising a US$3.52 billion sukuk for the Nakheel Group. This sukuk adopted an innovative structure never used before in Islamic or conventional banking history.

The bank has been proactive in creating partnerships and alliances at both the local and international level. DIB has adopted an aggressive expansion strategy, which started with the establishment of DIB Pakistan Limited, a wholly owned subsidiary of DIB. DIB opened its first representative office in Turkey to enhance its access to that market. DIB has also acquired a stake in Al Khartoum Bank and a stake in Emirates and Sudan Bank (ESB). These steps mark DIB's ambitious plans to roll out its operations into regional and international markets as part of its overall strategic plan.

DIB has won the respect of its peers around the world. The bank was recently named by Islamic Finance News the UAE's Best Islamic Bank. DIB has also received many awards from international organizations, such as the prestigious "Bank of the Year - UAE" award from The Banker magazine and additional accolades from Euromoney.

For further information, please contact:
Nicholas Nesson / Ghaleb Zeidan
ASDA'A Public Relations
Dubai, UAE
Tel: 971-4-3355969
Fax: 971-4-3356080

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