DIB maintains high liquidity

Dubai Islamic Bank (DIB), the largest Islamic bank in the world, has Dh15 billion on deposit with the Central Bank. This is Dh10bn more than the statutory minimum required, analysts said.

The listed bank boasts a 11.1 per cent Tier 1 ratio as of March 31, 2009 [as per Basel II].

The above figures have been deduced after an analysis of the bank's financials and they are in contrast to most UAE banks that were suffering from a liquidity squeeze towards the end of Q1.