The Middle East’s
6. Adnan Chilwan
Designation: Group CEO
Company: Dubai Islamic Bank (DIB)
Established: 1975
Headquarters: U.A.E.
In December 2023, DIB allocated 15% of its gross financing towards sustainable finance by 2030. Other initiatives in place include “One Tree for Everyone,” which was launched in September 2023 and focuses on reforestation. It had planted 62,564 trees as of August 2024. The DIB-alt focuses on reducing its operational footprint by consolidating over 135 digital services. This led to a 13% increase in digital registration and mobile and internet banking transactions in 2023 and the first half of 2024. In February 2024, DIB priced its third sustainable sukuk—a $1 billion five year senior issue—at a profit rate of 5.243% per year. In July 2024, the bank led a $3.25 billion sustainability-linked financing for GEMS Education.