Dubai Islamic Bank Kenya head-hunts for senior managers

Market News

Dubai Islamic Bank headquarters in Nairobi. FILE PHOTO | NMG
Dubai Islamic Bank headquarters in Nairobi. FILE PHOTO | NMG 

Giant Gulf lender Dubai Islamic Bank’s (DIB) local subsidiary, DIB Bank Kenya, is hiring more senior managers seven months after its launch.

The Upperhill-headquartered financier said in a notice it is seeking individuals for 15 senior positions including product (assets products), branch, finance information systems and business intelligence, corporate and investment banking managers.

“To keep our services at a higher level and meet our customers’ maximum satisfaction; we wish to invite applications from suitably qualified candidates to fill in these challenging positions,” the bank said.

DIB intends to exclusively offer Shariah-compliant banking services in the country.

It is expected to leverage on its parent bank’s massive financial muscle as it seeks to claim a piece of the fast-growing niche banking segment.

The gulf lender signalled intention to stamp its footprint in the budding East African Islamic market last July only weeks after launching in Kenya.

Chairman Mohammed Ibrahim Al Shaibani then said the lender would expand and consolidate its reach in East Africa after solidifying its Kenya base.

“Our international expansion is on track as the bank officially received its licence in April from the central bank to start our operations,” Mr Al Shaibani said then.

The Central Bank of Kenya (CBK) opened the door for the parent lender to enter the local market after more than a year of waiting.

As at September 2016, it had an asset base of $47.6 billion (Sh4.85 trillion) and capital of $7.4 billion (Sh754.8 billion).

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