As further confirmation of the bank’s high standing in the international financial services community, Dubai Islamic Bank (DIB) announced today that it has received the “Top Distributor Bank for the UAE market” for the period July-September 2009 from Germany’s FWU AG in recognition of the exceptional performance of the Al Islami Takaful Savings Programme.

The Al Islami Takaful Programme, launched earlier this year, is part of DIB’s comprehensive suite of wealth management solutions, which includes savings schemes, mutual funds and other structured products. This programme combines savings and investment plans with personal Takaful protection, creating a unique product that offers two key benefits – savings and protection – within the same plan.

The Al Islami Takaful Programme was developed specifically to meet the needs of DIB customers by Munich-headquartered FWU, a global leader in Takaful expertise, with Dubai Islamic Insurance & Reinsurance Company (Aman) serving as the wakeel, or agent.

“As the leader in Islamic banking, the introduction of a takaful offering to our suite of products and services was a logical extension. Achieving international recognition for our efforts in such a short period of time is a source of pride for all of us at Dubai Islamic Bank,” said Dr. Adnan Chilwan, Chief of Retail and Business Banking, Dubai Islamic Bank. “The response to the launch of this flexible and innovative savings programme has been tremendous, and we are grateful to FWU for their ongoing support.”


The Al Islami Takaful Programme invests in Sharia-compliant funds that seek to generate attractive returns for participants. Returns on contributions made into the investments depend upon the performance of these funds.