Islamic Financial Services
From The Report: Dubai 2018
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A major international centre for Islamic finance, Dubai has more sukuk (Islamic bonds) listings by value than anywhere else in the world. The emirate is also home to Dubai Islamic Bank, the oldest – and third largest – fully fledged Islamic bank. The sector continues to develop rapidly, with local sharia-compliant banks registering faster growth than their conventional counterparts, although expansion could lose momentum in 2018. Efforts are under way to position Dubai as a centre for the halal economy generally and as a leader in the Islamic digital economy.

This chapter contains an interview with Adnan Chilwan, Group CEO, Dubai Islamic Bank.

Articles from this Chapter

Overview

Strengthening roots: The emirate continues to cement its position as an international leader in Islamic banking
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A major international centre for Islamic finance, Dubai has more sukuk (Islamic bond) listings by value than anywhere else in the world. The emirate is also home to Dubai Islamic Bank (DIB), the oldest – and third-largest – fully fledged Islamic bank. The sector continues to develop rapidly, with local sharia-compliant banks registering faster growth than their conventional counterparts, although expansion could lose momentum in 2018. Efforts are under way to position Dubai as a centre…

Interview

Outstripping the competition: Adnan Chilwan, Group CEO, Dubai Islamic Bank, on the need for standardisation to support Islamic banking growth
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Interview:Adnan Chilwan How will the opening of Islamic windows in conventional banks affect competition? ADNAN CHILWAN: I am a firm believer in the fact that growth does not come from being a niche player. Truly dynamic or progressive organisations focus on the entire market. Keeping that in mind, competition with Islamic banking comes from every bank in the market, not just other sharia-compliant players. Hence, the concept of Islamic windows within a conventional setup should be viewed…