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Company type | Subsidiary |
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Industry | Banking |
Founded | 7 May 2007 |
Defunct | 15 September 2015 |
Headquarters | Singapore |
Key people | Abdulla Hasan Saif, Chairman Vince Cook, CEO |
Products | Financial services, Islamic banking |
Parent | DBS Bank |
Website | www.islamicbankasia.com |
The Islamic Bank of Asia (IB Asia) was launched by DBS Bank on 7 May 2007 after receiving official approval from the Monetary Authority of Singapore for a full bank licence. IB Asia's founding shareholders include majority stakeholder DBS and 34 Middle Eastern investors from prominent families and industrial groups from Gulf Cooperation Council (GCC) countries.[1][2]