Dubai, UAE – 30 September 2026:
DIB, the world’s leading Islamic financial group and the largest in the UAE, today announced the appointment of Mr. Fadhel Abdulbaqi Al Ali as Chairman of its Board of Directors, effective 30 September 2026.
Mr. Fadhel Abdulbaqi Al Ali
Mr. Al Ali brings over 30 years of experience spanning corporate governance, banking, investment, real estate, and hospitality. He currently serves as Chairman of the Dubai Financial Services Authority and Majid Al Futtaim Capital, sits on the Board of the Commercial International Bank of Egypt, and is a member of the Higher Committee for the Development of the Economic and Financial Sector and the Financial Stability Council. His previous leadership roles include Chief Executive Officer of Dubai Holding and Deputy Chief Executive Officer and Group Chief Operating Officer of First Abu Dhabi Bank.
Mr. Al Ali succeeds His Excellency Mohammed Ibrahim Al-Shaibani, who stepped down as Chairman and Board Member effective 20 September 2026 for personal reasons.
During his tenure, His Excellency Mohammed Ibrahim Al-Shaibani provided strategic leadership that supported DIB’s continued growth and transformation. His stewardship contributed to the Bank’s progress and the advancement of its long-term priorities. DIB extends its sincere appreciation for his leadership and contribution throughout his tenure and wishes him continued success.
The Board welcomed the appointment of Mr. Fadel Abdulbaqi Al Ali and expressed confidence that his extensive leadership experience, strategic perspective and record of institutional stewardship will support DIB as it continues to advance its long-term priorities and strengthen its position as a leading Islamic financial group.
The Board also expressed its sincere appreciation to His Excellency Mohammed Ibrahim Al-Shaibani for his distinguished leadership, service and contribution throughout his tenure, recognising the important role his stewardship has played in DIB’s continued progress and evolution.
DIB remains focused on advancing its long-term strategy while maintaining the strong governance, financial discipline and institutional strength that underpin its position as a leading Islamic financial group. The Bank will continue to pursue sustainable growth, deepen its contribution to the markets and communities it serves, and create enduring value for all stakeholders.
-ENDS-
About DIB:
Established in 1975, DIB is the largest Islamic bank in the UAE by assets and a public joint stock company listed on the Dubai Financial Market. Spearheading the evolution of the global Islamic finance industry, DIB is also the world’s first full service Islamic bank and amongst the largest Islamic banks in the world. With Group assets now exceeding US$115 billion and market capitalisation of more than US$18 billion, the group operates with a workforce of around 12,000 employees and more than 540 branches in its vast global network across the Middle East, Asia and Africa. DIB’s ecosystem, spanning across UAE, Pakistan, Turkey, Indonesia, Kenya, Sudan and Bosnia, reaches more than 11 million customers — a reflection of its expanding scale and trusted franchise.
In addition to being the first and largest Islamic bank in the UAE, DIB has a significant international presence as a torchbearer in promoting Shariah-compliant financial services across a number of markets worldwide. The bank has established DIB Pakistan Limited, a wholly owned subsidiary which is the first Islamic bank in Pakistan to offer Priority & Platinum Banking, The launch of Panin Dubai Syariah Bank in Indonesia early marked DIB’s first foray in the Far East, with a stake of nearly 25% stake in the Indonesian bank. Additionally, DIB was given the licence by the Central Bank of Kenya (CBK) to operate its subsidiary, DIB Kenya Ltd. DIB has been designated as D-SIB (Domestic Systemically Important Bank) in UAE. The acquisition of Noor Bank has solidified its position as a leading bank in the global Islamic finance industry. Recently, DIB has successfully acquired minority stake of 25% of T.O.M. Group which provides digital banking services in Türkiye.
The bank’s ultimate goal is to make Islamic finance the norm, rather than an alternative to conventional banking worldwide. DIB has won a range of accolades that are testament to these efforts across diversified areas, including retail, corporate and investment banking, as well as CSR and consultancy services. DIB has been named the “Best Islamic Bank” in various prestigious ceremonies marking the bank’s leadership position in the Islamic finance sector. As a progressive Islamic financial institution, DIB embraces the opportunities and challenges associated with integrating sustainability into its business by delivering sustainable products and services and by advancing the green and social composition. 2025 marked DIB’s Golden Jubilee, with a Bold New Vision for the Future to be prepared to meet the challenges ahead and continue building a legacy of success for the years to come.
For more information, please visit us at www.dib.ae
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