Left to Right: Dubai Islamic Bank Kenya director Michael
Murphy, Abdulla Abdulraheem, Commercial attache, UAE embassy and Ag. CEO Mary
Kanuku cut the ribbon to mark the official opening of the bank’s branch in
South C, Nairobi/HANDOUT
Dubai Islamic Bank-Kenya(DIB), a wholly owned subsidiary of Dubai Islamic
Bank PJSC, the largest Islamic bank in the UAE, has marked another milestone in
Kenya.
The bank has officially opened its new branch in the South C
branch in a strategic expansion across Nairobi.
The launch reinforces the bank’s commitment to providing
accessible Shariah-compliant financial solutions.
“This expansion reflects our customer-first
approach,” said Mary Kanuku, the acting CEO/Managing Director of DIB Kenya.
“We’re bringing ethical banking solutions closer to
Nairobi’s growing business community through both physical and digital
channels.”
The new branch, located in South C’s commercial hub, will
serve SMEs and corporate clients.
“Our branch network growth is carefully planned to meet
demonstrated demand,” explained Director Michael Murphy.
“Each
location serves a specific market need within our framework.”
Abdulla Abdulraheem, Commercial Attache at the UAE Nairobi
Embassy, said: “DIB Kenya expansion plans perfectly align with the growing economic
ties between our two countries. Today’s launch is a testament to the resilience
of the UAE-Kenya relations.”
The South C launch follows DIB Bank Kenya’s successful
market entry in 2017 and complements its existing branch network across Nairobi
and Mombasa.
The bank has confirmed plans for additional locations in the coming months.
DIB Kenya is a fully fledged commercial bank that offers
exclusively Sharia-compliant banking services to both business and personal
customer segments.
The Bank’s branches are located at DIB Kenya
Headquarters Upperhill Building, JKUAT Towers along Banda Street, Sarit
Westlands, Mega Plaza Shopping Mall Eastleigh, and South C, in Nairobi, and Moi
Avenue and Suhufi Plaza Bondeni, in Mombasa.
Dubai Islamic Bank PJSC, whose headquarters are in the UAE, is
the parent company of DIB Kenya.
It was the first Commercial Islamic Bank to be established
in the world in 1975 and, is a public joint-stock company listed on the Dubai
Financial Market (PJSC).
The bank has a balance sheet of over $93.9 billion and is
the largest Islamic bank in UAE and the second largest Islamic Bank in the
world.