DIB Sees India as Emerging Islamic Finance Market, CEO Says
- India has one of the world's largest Muslim populations
- DIB pushing into foreign markets to beat local growth limits
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Dubai Islamic Bank PJSC, the United Arab Emirates’ biggest Shariah-compliant lender, is exploring an entry into India as it seeks to benefit from the funding needs of one of the world’s fastest-growing economies.
“We as part of our international growth strategy are looking into India as one of the emerging Islamic finance markets," Chief Executive Officer Adnan Chilwan said in an e-mailed response to questions from Bloomberg News. India presents “huge opportunities as an emerging economy," because of infrastructure development and growing trade with the Middle East, he said.