Browsing: Dubai Islamic Bank (DIB)

DIB Bank Kenya Limited, a wholly owned subsidiary of Dubai Islamic Bank PJSC, has opened a new branch in Kenya as it moves to expand its network in the East African nation.

The latest branch was opened in the coastal town of Mombasa, bringing to two, the number of the bank’s branches at the port city.

This comes barely a week after launching a new branch in Nairobi’s Eastleigh suburb.

Located East of the Central Business District, Eastleigh is predominantly inhabited by Somali immigrants. It is described as “Little Mogadishu”, as well as “a country within a country with its own economy” on account of its robust business sector.

The second Mombasa branch is located at Bondeni area which is also largely inhabited by the Muslim community.

According to the bank’s management, the new branches are geared at enhancing the bank’s reach at key business locations to cater for its …