Dubai Islamic Bank (DIB)
Dubai Islamic Bank (DIB) is the pioneer of Islamic corporate banking. Operating since 1975, it caters to ethical and Sharia-focused enterprises requiring non-interest financial mechanisms.
✓ In-person meeting required✓ Currencies: AED, USD, EUR, GBP, SAR✓ KYC Difficulty: Medium
Onboarding Turnaround
15–25 business days
Minimum Balance
50,000 AED
KYC Approval
83%
Setup
In-person
Fee Structure & Tariff Schedule
Monthly Maintenance Fee AED 0 with balance over AED 50,000; otherwise AED 200/mo
Minimum Monthly Balance 50,000 AED
Fall-Below Balance Penalty 200 AED/мес
Outgoing International Wire (SWIFT) 35 AED
Domestic UAE Wire (Local Transfer) Бесплатно / Free
Required Application Documents
Official mandatory documentation suite needed to successfully pass AML/KYC underwriting:
- ✓ Trade license covering Sharia-compliant activities
- ✓ Constitutional corporate documents
- ✓ Emirates ID and passports of all directors and UBOs
- ✓ Proof of UAE registered business address
- ✓ 6 months personal/corporate bank statements
Pros & Limitations
✓ Advantages
- + Unquestioned Sharia compliance integrity recognized worldwide
- + Ethical asset-backed financing instruments
- + Deep liquidity and structural financial solidity
⚠ Limitations
- − Exclusion list on non-halal activities (prohibits alcohol, tobacco, gambling, speculative crypto)
- − Physical branch presence mandatory for mandate execution
Advisory Verdict
The premier banking partner for Sharia-compliant commerce, food distribution, and regional Middle Eastern trading.
Direct Onboarding
Open Account with DIB
Our compliance officers will conduct a full preliminary audit before submitting your application to eliminate refusal risks.
Timeline: 15–25 days
Min Balance: 50,000 AED
Currencies: AED, USD, EUR, GBP, SAR
Response time: under 3 minutes
Recommended Business Types
- • Businesses requiring strict Sharia-compliant financial governance
- • Halal consumer goods, food distribution, and ethical investments
- • Trading partners operating heavily within GCC and OIC markets
Alternative Banks to Consider
Other CBUAE-regulated corporate banking alternatives with similar profiles: