6. Dubai Islamic Bank (DIB)

Established: 1975

Headquarters: U.A.E.

Group CEO: Adnan Chilwan

In February 2023, DIB priced its second sustainable sukuk—a $1 billion 5.5-year senior issue with a profit rate of 4.8% per year. In October 2022, the bank published its Sustainable Finance Framework. It plans to finance projects with environmental benefits in renewable energy, energy efficiency, clean transportation, green buildings, pollution prevention and control, and sustainable water and wastewater management. In September 2022, DIB introduced a Green Auto Finance facility, “EVolve,” for buying electric and hybrid cars.

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