Dawood Islamic Bank (DIBL) has been renamed as Burj Bank, effective from July 11, 2011, with the approval of the State Bank of Pakistan (SBP).
This is a result of over $21 million invested by the Islamic Corporation for Development of the Private Sector (ICD), Jeddah and Unicorn Investment Bank, Bahrain, in Dawood Islamic Bank (DIBL). Burj Bank has emerged with a new vision and a new mission.
The new vision of the bank is to become a benchmark for Islamic Banking, backed by a new mission to be amongst the top 10 banks of Pakistan within a decade.