DIB
Dubai Islamic Bank
Is DIB Halal?
Islamic-bank model with reported Sharia governance; generic equity ratios are conservative and methodology-dependent.
What You Should Know
DIB's March 31, 2026 interim information reports AED 419,916.368 million of assets, AED 270,661.587 million of Islamic financing and investing assets, AED 322,000.470 million of customer deposits and AED 1,798.730 million of net profit. The filing does not disclose a universal conventional-interest numerator; structured Islamic profit is not presumed riba, while generic equity screens produce conservative funding and receivables failures that require bank-specific scholarly interpretation.
⚠️ Concerns
- •Generic debt and receivables ratios are not designed for Islamic-bank balance sheets
- •Murabaha, Ijara, Mudaraba, Wakala, sukuk and hedging require contract-level review
- •Public disclosure does not establish a universal fatwa for every investor's school
Current quantitative Sharia screen
Based on Q1 interim financial information figures for the period ended 2026-03-31; calculated 2026-07-14.
334,723.327 / 419,916.368
123,658.769 / 419,916.368
301,122.432 / 419,916.368
- Financial
- Fails
- Overall
- Fails
Using a conservative bank balance-sheet mapping, funding is 79.71%, liquidity is 29.45% and receivables plus cash is 71.71%; this exposes the limitation of applying generic equity denominators to Islamic banks.
- Financial
- Fails
- Overall
- Fails
Conservative funding and receivables plus cash exceed the examined MSCI total-assets limits; bank-specific denominator limitations and product-level review remain material.
- Financial
- Fails
- Overall
- Fails
Conservative funding exceeds the Malaysia debt limit; this is a calculation against SAC ratios, not an official SAC classification.
- Financial
- Not calculated
- Overall
- Incomplete
Historical market-cap ratios are not stored and the Islamic-product income numerator is unavailable.
Business-activity disclosure
DIB reports Islamic financing and investing transactions, sukuk and Islamic deposit structures under its Islamic-bank model. This supports a generally permissible qualitative assessment, but product-level contracts, treasury placements, hedging, sukuk structures and customer end use are not fully captured by a public equity screen.
Limitation: Structured Islamic profit is not treated as conventional interest; an independent scholar or board-level product review is still required for a final determination.
Purification
A purification percentage is not calculated because no comparable conventional-interest numerator is disclosed and structured Islamic profit is not presumed impermissible. Consult a qualified scholar for any purification decision.
Inputs, assumptions and primary sources
- Amounts are AED millions converted from DIB's AED thousands interim information.
- Interest-bearing funding conservatively includes customer deposits of AED 322,000.470 million, due to banks of AED 7,384.384 million and disclosed sukuk issued balances of approximately AED 5,338.473 million.
- Receivables use Islamic financing and investing assets of AED 270,661.587 million; identifiable sukuk investments are shown separately.
- DIB reports income from Islamic financing and investing transactions of AED 5,047.322 million, but it does not isolate a methodology-neutral conventional-interest numerator.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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