(The following is a reformatted version of a press release
issued by Dubai Islamic Bank and received via electronic mail.
The release was confirmed by the sender.) 
Dubai Islamic Bank 2012 net profit rises to AED 1.19 billion 
•     Total assets stand at AED 95.4 billion, up 5.3 per cent
•     Customer deposits grow to AED 66.8 billion, up 2.9 per 
•     Proposed cash dividend of 15% 
Dubai, UAE; February 4, 2013: Dubai Islamic Bank (DIB) group
today announced its financial results for the year ended
December 31, 2012, showing healthy growth across the bank’s
For the 12 months ended December 31, 2012, DIB group reported a
net profit of AED 1.19 billion, compared to AED 1.05 billion in
2011, an increase of 13 per cent.  DIB’s Board of Directors also
recommended the distribution of a cash dividend of 15%, subject
to regulatory and general assembly approvals. 
DIB’s total assets as of December 31, 2012, stood at AED 95.4
billion, compared to AED 90.6 billion at the end of the same
period in 2011, an increase of 5.3 per cent. 
The bank’s customer base grew steadily in 2012, with customer
deposits reaching AED 66.8 billion as of December 31, 2012, a
year-on-year increase of 2.9 per cent.  DIB continued to
maintain a strong finance-to-deposit ratio of 83 per cent as of
December 31, 2012, compared to 79 per cent on the same date in
DIB continued to proactively manage credit quality and impaired
financing assets. Consequently, as of December 31, 2012, the
impaired ratio stood at 9.8 per cent, compared to 12.1 per cent
as of December 31, 2011. The bank has continued its prudent
provisioning policy with impairment charge during the year ended
December 31, 2012 amounting to AED 1.04 billion, compared to AED
1.09 billion for the same period in 2011. 
As at December 31, 2012, DIB reported a capital adequacy ratio
of 17.5 per cent, and a Tier I Capital ratio of 14 per cent.
While capital adequacy ratio decreased due to the commencement
of the capital amortisation of the Ministry of Finance Medium
Term Wakala Finance, Tier 1 capital increased by 0.5 per cent in
DIB successfully returned to the International Capital Markets
in 2012. In March, the bank repaid in full a USD 750 million
five-year Sukuk from its own sources, demonstrating the bank’s
financial strength and comfortable liquidity position. This was
followed in May with the launch of a highly successful USD 500
million five-year Sukuk, which was oversubscribed more than four
times, a notable achievement in light of volatile market
conditions. DIB’s healthy financial position was recognised by
Fitch Ratings recently, which affirmed the bank’s Long-term
Issuer Default Rating at ’A’ with a stable outlook. 
“2012 was a very strong year for the UAE economy and for Dubai
Islamic Bank,” said His Excellency Mohammed Ibrahim Al Shaibani,
Director-General of His Highness The Ruler’s Court of Dubai and
Chairman of Dubai Islamic Bank. “The bank saw healthy growth
across a number of key areas, from our asset and deposit bases
through to our net profit. With our position as the UAE’s
leading Islamic bank secure, the focus for DIB now is to
capitalise on the momentum that we have built up over the last
few years.” 
Over the past year, DIB has been involved in several benchmark
Sukuk transactions including Jebel Ali Free Zone’s US$650
million 7 year Islamic bond, Government of Dubai’s US$1.25
billion Dual Tranche 5 year and 10 year Sukuk, Majid Al
Futtaim’s US$400 million 5 year debut Sukuk issuance and Emaar’s
US$500 million 7 year Sukuk. 
Alternative banking channels were a particular focus area for
DIB in 2012. In January, the bank introduced Al Islami Business
Online, a portal enabling companies to access more than 75
services at the click of a button. This was followed in April
with the launch of the Arabic interface of DIB’s internet-based
banking service, allowing customers to conduct over 70 banking
transactions in either Arabic or English. 
The bank also pressed ahead with its UAE-wide expansion strategy
in 2012. Nine new branches were opened during the year, bringing
the bank’s UAE-wide network to a total of 82 branches. In
addition to expanding its physical reach, this strategy has
served to further diversify the bank’s deposit base. 
“In our drive to be the most dynamic and forward-looking Islamic
financial institution in the world, DIB has invested heavily
across all its distribution channels, making it easier for
people to manage their finances and for companies to run their
businesses,” said Abdulla Al Hamli, Chief Executive Officer of
DIB. “Our investment in innovation continues to reap benefits
and was an important factor in our strong 2012 performance.
Leading from the front, DIB will keep on developing products and
services that represent the future of the Islamic Finance
2012 was another award winning year for DIB with the bank taking
home numerous local and international accolades, including the
awards for “Best Distance Banking Service” and “Best Structured
Product” at the Banker Middle East Product Awards 2012; “Best
Sukuk Arranger” and “Best Private Bank” at the Islamic Business
& Finance Awards 2012; “Best Islamic Bank in the UAE” at
Asiamoney’s Islamic Awards; and being named among The Banker’s
“Deals of the Year for 2012” in the “Structured Finance”
category for its role as the Islamic arranger of a US$800
million Wakala Syndicated Financing for Salik One. 
About Dubai Islamic Bank:
Dubai Islamic Bank (DIB), established in 1975, is the first
Islamic bank to have incorporated the principles of Islam in all
its practices and is the largest Islamic bank in the UAE. DIB is
a public joint stock company, and its shares are listed on the
Dubai Financial Market. The bank enjoys a reputation as a leader
and innovator in maintaining the quality, flexibility and
accessibility of its products and services. The bank currently
operates 82 branches in the UAE. 
DIB has been proactive in creating partnerships and alliances at
both the local and international level. The bank has established
DIB Pakistan Limited, a wholly owned subsidiary which has a
network of 100 branches across 30 major cities in Pakistan. DIB
has also started operations in Jordan, with the establishment of
Jordan Dubai Islamic Bank. 
Alongside its accomplishments as a commercial organisation, DIB
has always recognised its wider role in society. The bank
supports the communities in which it operates through the DIB
Foundation, a non-profit social, humanitarian and charitable
organisation which distributes millions of dirhams to good
causes at home and abroad each year. 
DIB has earned the respect of its peers around the world for
many years, and its leading position has been reaffirmed by the
92 local, regional and international accolades that it has won
between 2008 and 2012. DIB has won awards across diversified
areas, including retail, corporate and investment banking, as
well as CSR and consultancy services. The bank’s most recent
awards include being named “Best Islamic Bank, UAE” by World
Finance and Banker Middle East magazines, “Best Distance Banking
Service” (Electronic Banking Services) by Banker Middle East,
and being named among The Banker’s “Deals of the Year for 2012.” 
For further information, please contact:
Liam Turner / Tameem Alkintar
ASDA’A Burson-Marsteller
Dubai, UAE
Tel: 971-4-4507600
Fax: 971-4-4358040
Email: / 
(bjh) NY 
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