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.
