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OrganisationsDubai Islamic Bank
Dubai Islamic Bank logo

Dubai Islamic Bank

Financial IntermediationUnited Arab EmiratesDFM: DIB.AE
Last verified 4 months agodib.ae

Dubai Islamic Bank (DIB), headquartered in the United Arab Emirates (AE), is a leading financial institution in the Islamic banking sector. Established in 1975, DIB has played a pivotal role in shaping the Islamic finance landscape, offering a diverse range of Sharia-compliant products and services.

With a strong presence in the UAE and significant operations across the Middle East, DIB provides retail, corporate, and investment banking solutions. Its core offerings include personal finance, home finance, and business banking, distinguished by their adherence to Islamic principles.

Recognised for its innovative approach, Dubai Islamic Bank has achieved numerous accolades, solidifying its position as a market leader in Islamic finance. The bank's commitment to customer service and ethical banking practices continues to drive its growth and reputation in the industry.

51
DitchCarbon score

+16 vs industry average

Dubai Islamic Bank’s score of 51 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Very Low

Financial Intermediation is among the least carbon-intensive industries

Industry performance

0.062
20192025

The Financial Intermediation industry has increased its overall emissions by 11% since 2019

Emissions trajectory 2020 – 2027

00.0M00.0M0.0M0.0M0

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20202021202220232024202520262027

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Dubai Islamic Bank's reported carbon emissions

In 2024, Dubai Islamic Bank reported total carbon emissions of approximately 10,005,480 kg CO2e. This figure includes Scope 1 emissions of about 185,330 kg CO2e, Scope 2 emissions of approximately 9,039,210 kg CO2e, and Scope 3 emissions of around 780,940 kg CO2e. The bank has set ambitious climate commitments, aiming for a 43% reduction in Scope 1 and 2 emissions by 2030, using 2022 as the baseline. Additionally, Dubai Islamic Bank is committed to achieving net zero emissions across all scopes by 2050, with a near-term target of net zero for Scope 1 and 2 emissions by 2040, and specifically for the UAE by 2030. These targets are validated by the Science Based Targets initiative (SBTi). The bank's emissions data is not cascaded from any parent organization, indicating that it independently reports its carbon footprint and climate strategies.

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Dubai Islamic Bank’s Climate Goals (2030 & 2050)

5 goals

2030

1% reduction in all scopes

Net zero Scope 1 and 2 emissions in own operations

Behind target1%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Scope 3 top emissions categories

No scope 3 category breakdown has been disclosed yet.

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Dubai Islamic Bank logoDubai Islamic Bank
AEFinancial Intermediation
4 months ago
51
Hsbc Holdings logoHsbc Holdings
GBCommercial Banking
19 hours ago
100
View
Standard Chartered PLC logoStandard Chartered PLC
GBFinancial Intermediation
25 days ago
100
View
Deutsche Bank logoDeutsche Bank
DEBusiness Services
15 days ago
84
View
Barclays PLC logoBarclays PLC
GBCommercial Banking
1 day ago
77
View
Standard Chartered Bank - UAE Branches logoStandard Chartered Bank - UAE Branches
AEFinancial Intermediation
3 months ago
75
View
HSBC Bank Middle East Limited logoHSBC Bank Middle East Limited
AEFinancial Intermediation
25 days ago
74
View

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