DIB Recognized By Ministry of Social Affairs for Commitment to Community Welfare and Development

Wins two accolades for its significant humanitarian contribution at the Emirates Social Award

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, announced today that it has been honoured by H.E. Mariam bint Mohammed Khalfan Al Roumi, Minister of Social Affairs, with the accolade for ‘Private Sector First Class Category’ at the Emirates Social Award, in recognition of its contribution to bolstering the social welfare of the country. DIB Foundation, a non-profit social, humanitarian and charitable affiliate of Dubai Islamic Bank, has been also rewarded with “Private Sector Second Class Category” during the award ceremony held on 23rd December, 2015, at Grand Hyatt, Dubai. Organised by the Ministry of Social Affairs, the awards aim to recognise individuals, companies, private and government sector stakeholders for their commitment to developing the local community.

Designed to serve as an integral part of the social commitment to bridge the gap between businesses and the UAE community, the Emirates Social Award aims to promote a greater sense of corporate social responsibility amongst companies here. As such, it is part of the long-term endeavours of the government, and it reflects the keenness of UAE on propagating values of social responsibility and promoting the culture of social work in the society.

The DIB Foundation was established in 2007 with the aim of serving as a social and humanitarian establishment designed to help lower-income and needy families across the country, and around the region. In its time, the organisation has provided millions of dirhams worth of financial assistance to individuals and families in need to aid.

Commenting on the award, Abdulrazaq Abdulla, CEO, DIB Foundation, said: “Over the past forty years, Dubai Islamic Bank has been playing an important role in supporting the sustainable development of the local community, and the DIB Foundation was established to enhance these efforts. It not only seeks to play a pivotal role in providing monetary support for important causes, but it also aims to help impoverished families become financially independent so that they can support themselves in the future. We are honoured to receive this prestigious award, and look forward to continue bolstering our efforts towards empowering individuals and families in need across the country.”

Since it was established as the first modern commercial Islamic bank in 1975, DIB has focused on channeling its considerable resources to helping members of the local community. The bank’s efforts have been recognized by Islamic Business & Finance Awards 2013 as it was awarded with “Best Banking CSR Initiative”. In addition, DIB Foundation has received numerous accolades and recognition for its humanitarian work over the years, including the Princess Haya Award for Special Education.