DUBAI ISLAMIC BANK

The Dubai Islamic Bank (DIB) is an Islamic bank in Dubai, established in 1975 by Saeed Bin Ahmed Lootah. It is the first Islamic bank in the world to have incorporated the principles of Islam in all its practices and is the largest Islamic bank in the United Arab Emirates.[2]

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DUBAI ISLAMIC BANK SWIFT Code

ID
Country
City
Bank or Institution
SWIFT Code
1
United Arab Emirates
DUBAI
/
DUIBAEAD
2
United Arab Emirates
DUBAI
/
DUIBAEADDEO
3
United Arab Emirates
DUBAI
/
DUIBAEADLCS
4
United Arab Emirates
DUBAI
/
DUIBAEADTOS
5
United Arab Emirates
DUBAI
/
DUIBAEADXXX
  • Total: 5
  • 1

About DUBAI ISLAMIC BANK

  • Company type
    Public
  • Industry
    Islamic banking and finance
  • Founded
    15 September 1975 ; 49 years ago ( 1975-09-15 )
  • Headquarters
    Dubai , United Arab Emirates
  • Key people
    H.E Mohammed Al Shaibani , Chairman, Board of Directors Adnan Chilwan , GCEO
  • Products
    Banking and insurance
  • Revenue
    USD $4.2 billion (2023 [ 1 ] )
  • Number of employees
    10,000 [ 1 ]
  • Website
    www .dib .ae

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What is a SWIFT code?

A SWIFT code is an 8 or 11 character code used in banking to facilitate transactions and identify the bank.
What is the purpose of a SWIFT code in international transactions?

What is the purpose of a SWIFT code in international transactions?

SWIFT codes are used to route international financial transactions to the correct bank and branch. It facilitates the smooth and accurate transfer of funds between different banks and countries, ensuring that the transactions are processed correctly and securely.

How do I find my bank's SWIFT code?

You can find your bank's SWIFT/BIC code in the statements of your bank account. You can also use our SWIFT/BIC finder to get the right code for your transfer.
How do I find my bank's SWIFT code?

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Frequently Asked Questions

1. Why does DUBAI ISLAMIC BANK have different SWIFT Codes?

DUBAI ISLAMIC BANK operates differently across various countries, regions, and branches, with variations in business operations and clearing paths. To accurately identify and process DUBAI ISLAMIC BANK's cross-border payments and other transactions, different SWIFT Codes are used for distinction. Many large multinational banks have unique SWIFT Codes to their headquarters, regional branches, and overseas subsidiaries to ensure precise and secure fund transactions.

2. How do I know which SWIFT Code of DUBAI ISLAMIC BANK to use in a transfer?

It depends on the specific business scenario. For cross-border remittance to a branch of DUBAI ISLAMIC BANK, you can log on to the official website of DUBAI ISLAMIC BANK, or search the current page of XTransfer, or call DUBAI ISLAMIC BANK to inquire about the SWIFT Code of the branch. For international business, you should first coordinate with the relevant branch in the target country and confirm the correct SWIFT Code based on the exact information provided by your business partner.

3. Is there any pattern in the composition of different SWIFT Codes for a multinational bank like DUBAI ISLAMIC BANK?

Usually, SWIFT Code consists of 8 or 11 characters. For DUBAI ISLAMIC BANK, the first 4 digits represent the bank code, which is the same for DUBAI ISLAMIC BANK worldwide; the 5th and 6th digits are the country code; and the 7th and 8th digits are the region code, which will be different for branches in various regions. If the code includes 11 digits, the last 3 digits represent the branch code, which is used to distinguish different branches within the same region.

4. Will the SWIFT Code for DUBAI ISLAMIC BANK be updated or changed?

Yes. When DUBAI ISLAMIC BANK undergoes an organizational restructuring, such as a branch relocation, merger or split, or when there is a significant change in the financial system of the region where DUBAI ISLAMIC BANK is located, its SWIFT Code may be updated and changed. DUBAI ISLAMIC BANK will announce the changes in advance through its official website, mobile banking APP and other channels. Therefore, when handling cross-border business, customers should pay attention to the announcement of DUBAI ISLAMIC BANK in time to confirm the latest SWIFT Code information, so as to avoid affecting the business.

5. Do different SWIFT Codes of DUBAI ISLAMIC BANK support the same scope of business?

The scope of business is different. While the same bank can operate with different SWIFT Codes for the same basic types of business, there are differences for some specialized businesses or for businesses in specific regions. For example, the SWIFT Code of some branches may be specialized to support trade finance business, while the SWIFT Code of other branches is more convenient for cross-border e-commerce collection. In addition, for some emerging markets or country-specific business, only the SWIFT Code of a particular branch may have the authority to process it. When conducting international business, it is important to check whether the SWIFT Code of DUBAI ISLAMIC BANK supports the corresponding business.