By Aoma Keziah,
DIB Bank Kenya (DIBBK), a fully owned subsidiary of Dubai Islamic Bank PJSC, the largest Islamic Islamic bank in the United Arab Emirates( UAE) has officially opened a new branch in South C, Nairobi, as part of the bank’s continued efforts to strengthen its presence in the capital and provide more convenient access to Shariah compliant financial services.
“This branch opening showcases our Seven Years of Commitment and Seven branches of Growth. Since establishing our Kenyan presence in 2017, we have remained steadfast in addressing the evolving needs of our customers-both existing and prospective. Today’s event is particularly significant as it marks the first of two new branches planned for this year, South C and Nyali official opening slated for next week while aligning perfectly with our strategic vision for Kenya. As a Sharia-compliant institution, our growth has always been guided by more than financial metrics. Every product we offer, and every service we deliver is built on the ethical foundations of Shariah banking,” remarked Ms. Mary Kanuku,acting CEO /Managing Director of DIB Bank Kenya.
The South C branch will offer a full suite of personal and business banking services, all aligned with Islamic banking principles. The bank also emphasized that the expansion is aligned with its long-term vision to be a key player in Kenya’s financial ecosystem.
“These expansions are not just physical growth, but a clear demonstration of DIB Bank’s commitment to becoming Kenya’s most progressive Islamic financial institution. To the Board, Management, and entire team: Congratulations on this remarkable accomplishment. DIB Bank Kenya’s ambitious expansion plan, which includes today’s opening, perfectly aligns with its strategic vision to establish itself as Kenya’s leading Shariah financial institution. It is for this reason that DIB Bank Kenya has become the Bank of Choice, im a proud customer of this Bank and so, to the other millions of Kenyans in the two counties of Nairobi and Mombasa where you have got a presence and growing the network,” said Mr. Ugas Sheikh Mohamed, chairman Capital Markets Authority.
DIBBK’s parent company, Dubai Islamic Bank PJSC, brings decades of experience and global expertise in Islamic finance. The bank’s expansion in Kenya highlights growing investor confidence and the increasing appetite for alternative banking models in the region.
Mr Abdulla Abdulraheem, Commercial Attache at the UAE Nairobi Embassy commented that the expansion plans by DIB Bank Kenya, go hand in hand with the economic ties between the two countries
“DIBBK expansion plans perfectly align with the growing economic ties between our two countries and today’s launch is a testament to the resilience of the UAE-Kenya relations,” he explained
This opening ceremony, was attended by bank executives, community leaders, and customers, who hailed the new branch as a positive step toward inclusive financial growth.
“During the planning of this branch, our team spent weeks walking these streets, talking to shop owners, meeting with community leaders. We heard stories of businesses that needed flexible financing to stock up and many more stories that shape who we are today. It is these real stories that shape everything about DIB, and indeed this branch. Our eyes are already on the horizon. Next week we officially open our Nyali branch extending this same thoughtful approach to Mombasa’s dynamic coastal economy. Each new location we add is carefully chosen based on where we can make the most meaningful difference,” highlighted DIB Bank Kenya Board Member Mr. Michael Murphy
The unveiling of DIB Bank South C branch, follows a series of strategic investments in technology, talent, and infrastructure, aimed at enhancing customer experience and delivering value to all stakeholders, as they look forward to unveiling another branch in Nyali Mombasa.
