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Dubai Islamic Bank names Fadhel Abdulbaqi Al Ali as Chairman, effective Sept 30
Dubai Islamic Bank announced the appointment of Fadhel Abdulbaqi Al Ali as Chairman, effective Sept 30, 2026. Former chairman Mohammed Ibrahim Al Shaibani stepped down on Sept 20 for personal reasons.
Why it matters
Dubai Islamic Bank is one of the world's largest Islamic banks, and a change of chairman shapes market expectations about its strategic direction. The appointment comes as Islamic finance across the Gulf continues to expand.
Full story
Dubai Islamic Bank (DIB) announced in an official statement that its board has appointed Fadhel Abdulbaqi Al Ali as Chairman, effective September 30, 2026.
Former chairman Mohammed Ibrahim Al Shaibani stepped down on September 20 for personal reasons, ending his tenure at the helm of the bank.
The statement disclosed no further management changes. As a flagship of the UAE's Islamic finance industry, the bank's leadership transition is being closely watched by regional financial markets.
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