DIB Bank Kenya Opens Branch in Mombasa to Tap Growing Financial Capital
Acting DIB Bank chief executive officer Mary Kanuku flanked by other dignitaries cut the ribbon to officially open the bank. (Photo By Harrison Kivisu)
By Harrison Kivisu
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DIB Bank Kenya, a wholly owned subsidiary of Dubai Islamic Bank, has unveiled its third new Nyali branch in its quest to spread its wings in delivering world-class Islamic banking in Mombasa County.
The bank seeks to tap the ever-growing need of Shariah-compliant financial services within the Port City of Mombasa’s vibrant economy largely driven by the port and multi-million tourism industry.
Speaking during the launch at Total Energies at the high-end Nyali area on April 23, 2025, the acting DIB Bank chief executive officer Mary Kanuku said the new milestone underscores the bank’s commitment to tapping into new banking business opportunities.
The latest branch brings to three the total number of the lender’s outlets within Mombasa and its environs as it continues to reach its target customers segments of commercial enterprises, small-and-medium enterprises, and individual customers.
“The Bank, which was licensed and began operations in 2017, is a fully-fledged commercial bank that offers exclusively Sharia-compliant Banking services to both business and personal customer segments,” she said.
DIB Bank Kenya posted a profit of Ksh103 million for 2024; a sharp rebound reflecting a 140 percent growth in profitability driven by customer confidence in Shariah-compliant banking, asset quality and strategic expansion.
According to her the banking outlet will leverage on modern banking technologies and innovation so as to satisfy its customers with quality, efficient and long term banking solutions.
In its customer centric plan in Nyali, it targets advocates, real estate, mortgages and tourism.
“We are leveraging digital solutions and technology to enhance customer experience. Similarly, we are investing on technology talent to add more value and new experience to our customers.”
Those present at the launch included the County executive trade member Mohamed Osman, education chief executive Dr Mbwarali Kame, prominent Mombasa business personalities and DIB directors Bishar Ali (head of distribution) and James Nduli (Nyali branch manager).
“As Mombasa County we are committed to creating a conducive business environment for new businesses to thrive,” said Osman who acknowledged that good political goodwill and leadership was attributing to the upsurge of business investments.
Dubai Islamic Bank PJSC whose headquarters are in the United Arab Emirates (UAE) is the parent company of DIB Bank Kenya.
It was the first commercial Islamic bank to be established in the world in 1975 and is a public joint-stock company listed on the Dubai Financial Market (PJSC).
The Bank has a balance sheet of over $93.9bn and is the largest Islamic bank in the UAE and the second largest Islamic Bank in the world.
