Dubai Islamic Bank (DIB), the UAE's largest Islamic bank by assets, announced that it increased its shareholding in Türkiye's T.O.M. Group from 20 percent to 25 percent.
This strategic move, following the initial stake acquisition in September 2023, further cements DIB's presence in Türkiye's dynamic financial landscape and highlights its confidence in the country's robust, fast-scaling digital banking and fintech ecosystem.
According to DIB, Türkiye continues to be a pivotal market for DIB, given its sizeable population, rapidly expanding digital infrastructure, and impressive economic growth trajectory.
Commenting on the investment, Dubai Islamic Bank Group Chief Executive Officer Dr. Adnan Chilwan said, “We are delighted to announce DIB's decision to increase its shareholding in T.O.M. Group. This move follows the impressive market performance and strong uptake of the recently launched digital bank. The expanded stake not only reinforces DIB's role as a key player in Türkiye's dynamic digital banking sector but also highlights our firm belief in the country's strategic focus on technology-driven economic development."
Chilwan further emphasized that the partnership with T.O.M. Group extends beyond DIB's financial goals, representing a broader vision of creating a comprehensive, future-ready, and tech-driven global Islamic financial model with built-in intelligence to adapt to the rapidly evolving expectations of today's customers.
The TOM Group comprises TOM Katılım Bankası, Türkiye's licensed digital retail bank; TOM Pay Elektronik Para ve Ödeme Hizmetleri, a licensed e‑money company; and TOM Finansman, a financing company focused on digital innovation.