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Monday, November 9 - 2009

Dubai Islamic Bank launches first in-house nursery facility

  • United Arab Emirates: Monday, November 24 - 2008 at 13:26
  • PRESS RELEASE

In a pioneering initiative for the banking industry in the UAE, Dubai Islamic Bank (DIB) today announced that it has established a fully equipped, in-house nursery at its Johara Ladies branch in Khalidiya, Abu Dhabi.

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DIB ladies branch staff will be able to bring their children to the workplace, thus ensuring the children receive their mother's care while allowing the staff to manage their careers successfully.

This move comes in line with the programme launched by Her Highness Sheikha Manal bint Mohammed bin Rashid Al Maktoum, President of Dubai Establishment for Women, aimed at supporting and empowering working mothers in their workplace and creating new jobs for Emarati women.

Mrs. Noora Jamshed, Head of Johara Ladies branches at DIB, said:
"DIB is proud to be the first bank in the UAE to adopt the initiative of Sheikha Manal Bint Mohammed Bin Rashid Al Maktoum to provide childcare centres for female public and private sector employees in view of the growing role of women as key partners in the development process. The establishment of the nursery within the branch premises underlines DIB's continued commitment to social and community development through its employee and customer initiatives, and increasing female representation at the workplace and in the overall economic development of the UAE."


She further added: "The in-house nursery will certainly provide our staff with much needed support and help them execute both their family and work responsibilities efficiently. We will follow this up with the opening of similar facilities in Dubai, Sharjah and Al Ain for our women employees."

The new nursery idea was launched by Ms. Hassa Al Muhairi, Director of Dubai Islamic Bank's branch in Khaldiya, Abu Dhabi, in order to provide care and support for the children of the bank's employees
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Notes and media contacts

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% compared to Dhs1.56bn for 2006. The bank recorded total revenues of Dhs7bn for 2007, rising by 46% compared to Dhs4.8bn for 2006. Total assets in 2007 reached to Dhs84.3bn, an increase of 31% compared to Dhs64.4bn in 2006.

DIB set a world record by raising a $3.52bn 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 Burson-Marsteller
Dubai, UAE
Tel: 971-4-3355969
Fax: 971-4-3356080

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