1. Dubai Islamic Bank Investor Presentation May 2008

2. Contents Background About DIB DIB Financials Peer Group
Stock Information

3. Highly Profitable Banking Sector
Sector comprises of 49 banks
22 national/local banks; 27 foreign banks
Sector of strategic importance to Govt.
Direct/indirect govt. ownership in majority of national banks
Precedents available for Govt. support
Sector dominated by the national banks
Top 10 banks account for approximately 60-70% of total banking sector assets
Sector experiencing strong growth
Source: UAE Central Bank

4. Booming Islamic Banking Market
Islamic banking is one of the fastest growing industry segments in the Financial Services sector
Growth momentum, both in the Arab world and globally, estimated at 20% p.a. plus
Approximately 400 Islamic institutions globally with assets in excess of US$ 500 billion
More than US$ 20 billion in international Islamic bond issuance to date
Targeted regions include GCC, South Asia, South East Asia and select niche markets
Entry by Global Commercial/ Investment banks in this sector
Key Players in the Islamic Banking Market in UAE / Middle East Region
Existing Players
New Entrants

5. Contents Background About DIB DIB Financials Peer Group
Stock Information

6. Dubai Islamic Bank Part of the Big Five Islamic
The World’s First Islamic Bank
Part of the Big Five Islamic
Banks in the world
Globally recognized Leader
and Innovator in Islamic Banking
The largest Islamic Bank in UAE
Amongst the top 4 Banks in
the country
Government ownership 34%
Strong Domestic Franchise
Nearly 600,000 retail customers
49 branches / nearly
300 ATMs, CDM

7. Rated A1 by Moody’s and A by S&P
“One of the World’s Top Islamic Banks; Systemically important to its domestic banking market”
Key Strengths:
“Robust and sustainable financial performance”
“Strong liquidity”
“Likely government support in case of need”
“Solid risk-monitoring architecture, improving asset quality”
Profitability: “Improved and of good quality, reflecting superior business diversification” A
“DIB’s ratings reflect its strong franchise as a leading Islamic Financial Institution, its relationship with the Dubai government and its satisfactory financial fundamentals”
“DIB’s foreign currency issuer ratings are set at A1/Prime-1 based on the bank’s intrinsic safety and soundness and on a strong likelihood of external support from the UAE authorities and DIB’s main shareholders in case of need.”
“DIB’s relationship with the Dubai government enhances its franchise”
“DIB’s foreign currency issuer ratings benefit from a high degree of external support”
“Increasing earning power and profitability”
“DIB enjoys a good deposit base, with a lower deposit concentration than other UAE banks” A1

8. DIB’s principal business is focused on its five core units
Largest business unit within DIB
Full range of products and services
Customer segments: Mass affluent, Wealth management, SME
One of the largest Retail customer base in UAE
Market leaders: Deposits products and Auto finance
Retail & Business Banking
Millennium Capital and Millennium Finance subsidiaries incorporated in Dubai International Financial Centre
Investment banking activities such as project finance, loan syndication, capital markets, asset management and structured finance as well as Corporate Advisory Services
Global leaders in Sukuk issuance: #1 in the Bloomberg league table in 2006
Investment Banking
Real Estate, Contracting Finance, Direct Equities
Leading provider of Real Estate Finance services in the UAE with significant role in supporting real estate developments
Financing to contractors in the oil, gas, power and water sectors
Short term equity investments in established companies and business start-ups across MENA region
Large & Middle Market
Bankers to top corporate houses in GCC
Financing for Trade and Manufacturing and Infrastructure
Cash Management capabilities
Corporate Banking
Foreign exchange services
Asset-liability management
Islamic derivatives
Treasury

9. Dubai Islamic Bank – Strategic Agenda
Growth drivers to be
Retail, Corporate Banking &
Investment Banking
Leveraging on the success
in Dubai to capitalize on
opportunities in other Emirates
To be
amongst
the Top 3
Banks
in UAE
Continually innovate using the
latest technology and product expertise
leading to ease and convenience
Focus on Value Growth:
cross selling,
new Islamic products
embed cost awareness
Evolving from
a pure banking entity
to a more comprehensive
Financial Services Group
Diversifying DIB’s revenue streams
through penetration and presence
in new markets in the MENA region

10. Portfolio Diversification, Business Overview
Diversified portfolio both with respect to economic sectors and customer segments
Key economic sectors include government / public sector and real estate
Among the most significant Arrangers of financing for Dubai Government
Segmental Revenue; % of Total Revenue (2007)
Sectorial Exposure of Financial Assets (2007)
Our objective is not to become a local or regional player but rather to become an international player with a focus in the MENA region
Our aim is to be able to originate and execute milestone transactions on all continents primarily for the benefit of our core client base from the GCC but
Also for other clients.
Our organization, our recruitment and all our actions reflect this underlying objective
Our aim is to be the leader in the UAE in two years, leader in the MENA in 4 years and a major international player in 6 years

11. Awards & Accolades (2005-’07)
An Integral, Recognized player in the Islamic Finance sector
Mega Deals
US$ 3.52 Bn Sukuk issue for Nakheel (Dubai World)
US$ 3.5 Bn Sukuk issue for PCFC (Govt of Dubai)
US$ 2 Billion Sukuk for Dubai Civil Aviation for expansion project of Dubai International Airport
US$ 600m Government of Malaysia Sukuk
US$ 600m Pakistan Sovereign Sukuk
US$ 550m Sukuk for Emirates Airlines
US$ 530m Lead Arranger for Qatar Gas II
Awards & Accolades (2005-’07)
Best Bank in UAE, 2006: The Banker
Best Islamic Bank in ME, 2006: Euromoney
Best Debt house UAE, 2005: Euromoney
Best Sukuk House, 2005: Euromoney
Award for Finance (2005): Shaikh Mohammed Bin Rashid Business Award
Quality Recognition Award, 2005: JP Morgan Chase
Banking Achievement Award for the Middle East, by Emerging Markets Publication during the IMF Conference in New York, Oct’07

12. Contents Background About DIB DIB Financials Peer Group
Stock Information

13. Net Profit: USD Million Total Assets: USD Billion
Key Financials – Trend
Net Profit: USD Million
Maintaining robust profitability
About 12-fold growth in net profits over the last 5 years
Improved profitability attributed to both growth in core business and growth in Islamic market
Total Assets: USD Billion
Strong and consistent growth in total assets. Increase of 4+ times over last 5 years
Focus on quality and portfolio mix of assets along with aggressive growth 13

14. Total Deposits: USD Billion Total Financing: USD Billion
Key Financials – Trend
Total Deposits: USD Billion
Strong and consistent growth in total deposits
DIB is the #3 bank in customer deposits in UAE
Total Financing: USD Billion
More than 4 fold growth in gross financing in 5 years
Well diversified and balanced portfolio, with lending to all key industry sectors 14

15. Key Financials – Trend
ROE
Consistent growth in ROE, in line with the top 5 banks
Marginal drop in 2006 attributed to increase in capital of US$906 million
ROA
Steady growth in ROA in last 5 years
Return on assets of 3.4%, in the top end among major UAE Banks 15
Source: Bloomberg

16. Strong deposit base to support growth plans
Customer Deposits Composition
2007
2001 16

17. Key Financials – Trend Cost to Income at 40%
Cost-Income
Cost to Income at 40%
Increased due to investment in new branding, new branches, improved systems and channels
Advances to Deposits
Healthy liquidity maintained compared to peer banks in UAE 17

18. Contents About Dubai, UAE About DIB DIB Financials Peer Group
Stock Information

19. Domestic peer group comparison
Net Profit Growth: USD Million
DIB net profits CAGR is the highest among comparable peer banks
Net profits among the top 3 banks in UAE
Total Assets: USD Billion
Total assets among the top 5 banks in UAE

20. Domestic peer group comparison
Total Deposits: USD Billion
Total deposits among top 3 banks in UAE
Total Financing: USD Billion
Total financing among the top 5 banks

21. Domestic peer group comparison
ROE: 2007
ROE top amongst peer banks
Compares favorably with major banks globally
ROA: 2007
ROA among top 3 banks 21
Source: Bloomberg

22. Domestic peer group comparison
Cost Income Ratio 2007
Increased due to infrastructure spend, technology, new branches, and staff packages in line with the market
Financing to Deposit 2007
Most liquid amongst banks in UAE 22
Source: Bloomberg

23. Contents About Dubai, UAE About DIB DIB Financials Peer Group
Stock Information

24. Key Metrics Bloomberg ID: DIB UH Equity
Key Indicators: USD
US$ 3.40
Current
US$ 2.50
US$ 2.40
Face value for 2003, 2004 equated to $0.27/ share
Source: DFM, DIB Published accounts 24

25. Dividend Payment History
Dividend payments
Steady growth in dividend payments to shareholders
2006 and 2007 dividend includes payment of bonus through shares of 7% and 15% respectively
Dividend Payment History 25

26. DIB Shares Highly Liquid DIB capitalization as a % of total DFM: 6.9%
Share Trading on DFM
YTD Mar 2008
DFM trading volume (bn)
26.34
DIB trading volume (bn)
0.81
DIB % of DFM Volume
3.07%
DFM trading value (USD Bio)
$ 34.14
DIB trading value (USD Bio)
$ 2.49
DIB % of DFM Value
7.29%
DFM Market Cap Value (USD Bio)
$126.81
DIB Market Cap Value
$8.77
DIB % of DFM Market Cap
6.91%
Highly Liquid
DIB capitalization as a % of total DFM: 6.9%
5th largest market capitalization
Percentage of DIB shares allowed to be owned by foreigners: 15%
Source: DFM
The information provided in this presentation should not be used as a substitute for any form of advice. Decisions based on this information are for your own account and risk. Although DIB attempts to provide accurate, complete and up-to-date information, which has been obtained from sources that are considered reliable, DIB makes no warranties or representations, express or implied, as to whether information provided is accurate, complete or up-to-date. 26

27. THANK YOU