Dubai Islamic Bank (DIB) yesterday said it would open 10 new branches this year which will take the total number of branches to 64.
Dr Adnan Chilwan, Chief of Retail and Business Banking at DIB, said: "Over the past few years, the world, and particularly our region has been witnessing an increased demand for Islamic banking services. As the world's first Islamic bank, and the acknowledged global leader in Islamic banking, it is imperative for us to fulfill the banking requirements of our growing base of customers. One of the key elements in ensuring customer satisfaction is accessibility, and our expansion plans for 2009 will enable us to be even closer to customers."
He added: "In addition to regular, full-service branches, DIB is also planning to launch Express Banking Centres, which will provide fast, efficient services to DIB customers at various shopping malls, hypermarkets and megastores."
Rashid Mahboob, Head of Branches at DIB, said: "We aim to duplicate this success with the new branches planned for 2009. The 10 new branches will be evenly spread across the Emirates and will provide the entire range of DIB's shariah-compliant banking products and services, including current, savings and investment deposit accounts, auto finance, personal finance, home finance, credit cards and business banking solutions."
DIB opened six branches last year in the UAE.