KARACHI - Dawood Islamic Bank (DIBL) has been renamed as Burj Bank, effective July 11, 2011, with the approval of the State Bank of Pakistan (SBP), says a press release. This is a result of over $21 million invested by the Islamic Corporation for Development of the Private Sector (ICD), Jeddah and ...

KARACHI - Dawood Islamic Bank Limited has received Rs 1 billion investment from Unicorn Investment Bank Limited, based in Bahrain, says a statement issued by the bank's head office in Karachi. Unicorn already had a 22.2 pc equity stake in Dawood Islamic Bank prior to the current investment. With ...

KARACHI (PR) - Dawood Islamic Bank Limited (DIBL) entered into an agreement to implement XM3 Anti-money Laundering (AML) solution provided by Haydrian Pakistan (SMC) Private Limited. XM3 implementation is in line with the proactive approach adopted by DIBL towards Shariah and regulatory compliance ...