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Dubai Banking Group
Found in: Companies of the United Arab Emirates
Dubai Banking Group, headed by its CEO Salaam Al-Shaksy, is the global shari'a compliant financial investor of Dubai Group with assets valued at over USD 10 billion (AED 36.7 billion) . The group was established in 2007 when Dubai Islamic Investment Group, founded in 2004, and Dubai Bank, founded in 2002, consilidated their activities to form Dubai Banking Group.
Dubai Banking Group's major investments include:
100% ownership of Dubai Bank
100% ownership of Dubai Tadawul, a Duabi based private brokerage company
51% stake in Al Fajer Re-Takaful, a closed Kuwaiti shareholding company
40% stake in Bank Islam, Malaysias oldest and largest Islamic bank
40% stake in ACR Re-Takaful Holdings Limited, the world's largest reinsurance company
33.33% stake in National Bonds UAE, the national Shari'ah-compliant saving scheme
18.75% stake in BankIslami Pakistan, the first bank to receive an Islamic Banking License in Pakistan
See also
Dubai Group
External links
http://www.dubaigroup.com
http://www.dubaigroup.com/ourcompanies/dubaibankinggroup/ Dubai Banking Group
This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article Dubai Banking Group