Right to left) Habib Bitar, Head of Real Estate Finance, DIB, receiving the award from Islamic Conference Group	Dubai Islamic Bank (DIB) has received the Best Islamic Finance House Award in the UAE. The award was given to DIB during the recent Islamic Real Estate Finance workshop and conference. Habib Bitar, Head of Real Estate Finance, DIB, accepted the award during a gala ceremony that was held recently at the Burj Al Arab in Dubai. The ceremony was attended by DIB officials and other dignitaries.

Aymen Adel Kamal, Executive Vice President, Real Estate Finance, DIB, said: “This award is the fruit of DIB’s efforts in the area of real estate finance in the country.”

He added: “The bank has successfully developed and structured innovative financing deals that met the requirements of major corporations and government bodies in the UAE and worldwide. During 2006, DIB has led the financing sector after lead managing the world’s largest Sukuk deal for Nakheel Group. This transaction follows many other major deals that the bank has managed.”

The Islamic Real Estate Finance Conference is an annual event that brings together all the major GCC finance players. The 2006 conference took place in Jeddah, Saudi Arabia, and included a series of workshops and lectures about the Islamic real estate sector.

Source : www.dib.ae