Latest news with #DIB
Business Wire
16-07-2025
- Business
- Business Wire
Social Engineering Expert and Hacker Rachel Tobac to Deliver Keynote at CyberSheath's CMMC CON 2025
RESTON, Va.--(BUSINESS WIRE)--With federal contractors facing mandatory CMMC compliance deadlines and sophisticated social engineering attacks on the rise, defense industrial base (DIB) organizations need proven strategies to protect sensitive data from human-centered threats. CyberSheath, the largest CMMC managed service vendor in the DIB, will host its sixth annual free virtual conference, CMMC CON 2025: Compliance Blueprint – Plan. Execute. Certify., on Sept. 24-25, 2025. Rachel Tobac, renowned hacker and CEO of SocialProof Security, will deliver the keynote on the event's first day. She'll break down recent cyberattacks in the news and how to defend against the latest hacking methods, even when criminals are using AI. Her tales from the field and live hacking demonstrations throughout the presentation are sure to keep you and your team 'politely paranoid' to catch the next human hacker in the act. 'Rachel's hands-on experience exposing vulnerabilities through social engineering gives her a unique perspective on the threats our DIB contractors face daily,' said Eric Noonan, CEO of CyberSheath. 'Her ability to demonstrate how attackers exploit human psychology makes her the perfect speaker to help our attendees understand why CMMC compliance is so crucial and defend against these sophisticated tactics.' Tobac gained recognition in DEF CON's Social Engineering Competition, establishing her as a formidable expert in the field. As CEO of SocialProof Security, she helps organizations strengthen their security posture through targeted training and penetration testing focused on social engineering threats. Her cybersecurity expertise has been sought after at the highest levels of government. Tobac served on the CISA Technical Advisory Council under Director Jen Easterly, where she contributed to national cybersecurity initiatives. Beyond her professional achievements, Tobac serves as Chair of the Board for Women in Security and Privacy (WISP), where she works to advance women leaders in cybersecurity fields. CMMC CON 2025 will feature sessions from leading experts covering compliance strategies, threat mitigation, legal insights, and practical steps for achieving and maintaining CMMC certification. The two-day virtual event runs from 9 a.m. to 1 p.m. EDT each day, providing attendees with actionable insights to enhance their cybersecurity posture and meet Department of Defense requirements. Learn more about CMMC CON 2025 and register to join the two-day event. About CyberSheath Established in 2012, CyberSheath is one of the most experienced and trusted IT security services partners for the U.S. defense industrial base. From CMMC compliance to strategic security planning to managed security services, CyberSheath offers a comprehensive suite of offerings tailored to clients' information security and regulatory compliance needs. Learn more at
Zawya
16-07-2025
- Business
- Zawya
DIB strengthens global agri-financing with participation in landmark $1.85bln facility for Olam Agri
The transaction adds to DIB's growing portfolio of Islamic syndications across global capital markets. Dubai, UAE – DIB, the world's first Islamic bank and the largest in the UAE, has announced its participation, alongside a group of international lenders, in a landmark US$1.85 billion syndicated dual-tranche financing facility extended to Olam Agri, a leading global agri-business. DIB acted as the Senior Mandated Lead Arranger and Investment Agent for the Islamic tranche, reinforcing its role as a leading provider of Shariah-compliant cross-border financing for high-impact sectors. The three-year facility will be used for general corporate purposes and reflects the continued growth of values-driven finance in global markets. Olam Agri is majority-owned by Singapore's Olam Group with a significant minority stake held by the Saudi Agricultural and Livestock Investment Company (SALIC), a wholly owned subsidiary of the Public Investment Fund (PIF). The company plays a critical role in enhancing food security and supply chain resilience across global markets. The transaction adds to DIB's growing portfolio of Islamic syndications across emerging sectors, demonstrating the bank's ability to channel Islamic capital into industries of global significance. Ali Ahmad, Chief of Investment Banking at DIB, commented: 'We are really pleased to have closed our first deal with Olam Agri. This transaction is a clear reflection of the growing global demand for Islamic liquidity — not as an alternative, but as a core instrument for financing the real economy. DIB's role in leading the Islamic tranche demonstrates our ability to bring structure, scale, and certainty to complex, cross-border mandates. Beyond its economic contributions, Agri-finance is essential to building resilient food systems and strengthening supply chains. By supporting this sector through a Shariah-compliant framework, we reinforce our belief that Islamic finance has a central role to play in addressing global sustainability challenges. This includes advancing inclusive economic growth, promoting responsible resource use, and fostering innovation across industries. At DIB, we view Islamic finance as a forward-driving force — one that is not just aligned with global capital markets, but actively shaping their future through values-led structures and real-economy outcomes.' The transaction also reflects DIB's commitment to supporting the United Nations Sustainable Development Goals (SDGs), particularly those focused on inclusive economic growth, sustainable infrastructure, and global partnerships. By financing companies that integrate sustainability and innovation into their core operations, DIB continues to advance its mission of enabling long-term, ethical impact through Islamic finance. About DIB: Established in 1975, DIB is the largest Islamic bank in the UAE by assets and a public joint stock company listed on the Dubai Financial Market. Spearheading the evolution of the global Islamic finance industry, DIB is also the world's first full service Islamic bank and amongst the largest Islamic banks in the world. With Group assets now exceeding USD95 billion and market capitalisation of more than USD 14bln, the group operates with a workforce of more than 10,000 employees and around 500 branches in its vast global network across the Middle East, Asia and Africa. Serving over 5 million customers across the Group, DIB offers an increasing range of innovative Shariah-compliant products and services to retail, corporate and institutional clients. In addition to being the first and largest Islamic bank in the UAE, DIB has a significant international presence as a torchbearer in promoting Shariah-compliant financial services across a number of markets worldwide. The bank has established DIB Pakistan Limited, a wholly owned subsidiary which is the first Islamic bank in Pakistan to offer Priority & Platinum Banking, The launch of Panin Dubai Syariah Bank in Indonesia early marked DIB's first foray in the Far East, with a stake of nearly 25% stake in the Indonesian bank. Additionally, DIB was given the licence by the Central Bank of Kenya (CBK) to operate its subsidiary, DIB Kenya Ltd. DIB has been designated as D-SIB (Domestic Systemically Important Bank) in UAE. The acquisition of Noor Bank has solidified its position as a leading bank in the global Islamic finance industry. Recently, DIB has successfully acquired minority stake of 25% of T.O.M. Group which provides digital banking services in Türkiye. The bank's ultimate goal is to make Islamic finance the norm, rather than an alternative to conventional banking worldwide. DIB has won a range of accolades that are testament to these efforts across diversified areas, including retail, corporate and investment banking, as well as CSR and consultancy services. DIB has been named the 'Best Islamic Bank' in various prestigious ceremonies marking the bank's leadership position in the Islamic finance sector. As a progressive Islamic financial institution, DIB embraces the opportunities and challenges associated with integrating sustainability into its business by delivering sustainable products and services and by advancing the green and social composition. 2025 marked DIB Golden Jubilee, with a Bold New Vision for the Future to be prepared to meet the challenges ahead and continue building a legacy of success for the years to come. For more information, please visit us at About Olam Agri Olam Agri is a market leading, differentiated food, feed and fibre agri-business with a global origination footprint, processing capabilities and deep understanding of market needs built over 35 years. With a strong presence in high-growth emerging markets and products across grains & oilseeds, wheat milling & pasta, rice, edible oils, specialty grains & seeds, animal feed & protein, cotton, wood products, rubber, sugar & bioenergy and risk management solutions, Olam Agri is at the heart of global food and agri-trade flows with 45.1 million MT in volume handled in 2024. Focused on transforming food, feed and fibre for a more sustainable future, it aims at creating value for customers, enable farming communities to prosper sustainably and strive for a food-secure future. Olam Agri Holdings Limited, which holds the Olam Agri business, is a 64.6% owned subsidiary of Olam Group. 35.4% of Olam Agri Holdings is owned by SALIC International Investment Company, a wholly owned subsidiary of Olam Agri's strategic partner The Saudi Agricultural and Livestock Company. For more information and to subscribe to news alerts, please visit
Al Bawaba
16-07-2025
- Business
- Al Bawaba
DIB Strengthens Global Agri-Financing with Participation in Landmark US$1.85 Billion Facility for Olam Agri
DIB, the world's first Islamic bank and the largest in the UAE, has announced its participation, alongside a group of international lenders, in a landmark US$1.85 billion syndicated dual-tranche financing facility extended to Olam Agri, a leading global acted as the Senior Mandated Lead Arranger and Investment Agent for the Islamic tranche, reinforcing its role as a leading provider of Shariah-compliant cross-border financing for high-impact sectors. The three-year facility will be used for general corporate purposes and reflects the continued growth of values-driven finance in global Agri is majority-owned by Singapore's Olam Group with a significant minority stake held by the Saudi Agricultural and Livestock Investment Company (SALIC), a wholly owned subsidiary of the Public Investment Fund (PIF). The company plays a critical role in enhancing food security and supply chain resilience across global transaction adds to DIB's growing portfolio of Islamic syndications across emerging sectors, demonstrating the bank's ability to channel Islamic capital into industries of global Ahmad, Chief of Investment Banking at DIB, commented: 'We are really pleased to have closed our first deal with Olam Agri. This transaction is a clear reflection of the growing global demand for Islamic liquidity — not as an alternative, but as a core instrument for financing the real economy. DIB's role in leading the Islamic tranche demonstrates our ability to bring structure, scale, and certainty to complex, cross-border mandates. Beyond its economic contributions, Agri-finance is essential to building resilient food systems and strengthening supply chains. By supporting this sector through a Shariah-compliant framework, we reinforce our belief that Islamic finance has a central role to play in addressing global sustainability challenges. This includes advancing inclusive economic growth, promoting responsible resource use, and fostering innovation across DIB, we view Islamic finance as a forward-driving force — one that is not just aligned with global capital markets, but actively shaping their future through values-led structures and real-economy outcomes.' The transaction also reflects DIB's commitment to supporting the United Nations Sustainable Development Goals (SDGs), particularly those focused on inclusive economic growth, sustainable infrastructure, and global partnerships. By financing companies that integrate sustainability and innovation into their core operations, DIB continues to advance its mission of enabling long-term, ethical impact through Islamic finance.
Gulf Today
09-07-2025
- Business
- Gulf Today
DIB allocates Dhs20m to assist the most vulnerable groups through Community Development Authority
Dubai Islamic Bank (DIB) has announced its commitment to allocate a total of Dhs20 million to support community development initiatives, with this funding being made available through the auspices of the Community Development Authority (CDA). This contribution translates the bank's ongoing commitment to supporting social responsibility programmes and strengthening institutional partnerships with government entities with a view to establishing a sustainable support system that has a direct impact on the most vulnerable groups in society. CDA confirmed that this donation would contribute to strengthening its resources, which is directed to eligible groups. The proposed model of cooperation is predicated on the principles of transparency and a meticulous examination of the needs of the affected parties. This approach is intended to ensure the optimal allocation of Zakat funds in accordance with the provisions of Islamic Sharia. Shaikha Al Jarman, the CEO of the Social Development Sector at CDA, said, "DIB's contributions are a clear example of the private sector's commitment to its social responsibilities, as well as its desire to support Dubai's social solidarity system. This partnership also enables the CDA to intervene swiftly to support the most vulnerable groups and improve their quality of life." She added, "At the Community Development Authority, we are committed to conducting comprehensive assessments of cases to ensure that eligible groups benefit from Zakat funds in a way that achieves sufficiency and stability. This can be through direct financial support or by providing the means to empower and enable independence."
Gulf Business
09-07-2025
- Business
- Gulf Business
DIB leads $1bn Shariah-compliant financing for Government of Pakistan
Image: Dubai Islamic Bank website Structured over five years, the facility includes a significant Islamic financing component, with approximately 89 per cent of the total structured as an AAOIFI-compliant Commodity Murabaha. This underlines Pakistan's continued push to expand its access to Shariah-based funding. The transaction is notable for being partially guaranteed by a Policy-Based Guarantee (PBG) from the Asian Development Bank (ADB). This marks the first time ADB has provided a PBG for such a financing transaction with Pakistan. DIB acted as the Sole Islamic Global Coordinator and also served as Joint Mandated Lead Arranger and Bookrunner alongside Standard Chartered. Other participating institutions included Abu Dhabi Islamic Bank, Ajman Bank, and Sharjah Islamic Bank. Pakistan's minister of finance, Muhammad Aurangzeb, commented: 'This landmark financing arrangement not only underscores the strong confidence of regional and international financial institutions in Pakistan's economic reform trajectory, but also marks an important step in expanding our access to innovative and Shariah-compliant funding solutions. We deeply value the role of partners like DIB and ADB in supporting our efforts to ensure macroeconomic stability and sustainable growth.' Read: Dr. Adnan Chilwan, group chief executive officer of DIB, said: 'This transaction marks a key milestone in demonstrating how Sharia-compliant financing can be scaled effectively to meet sovereign objectives while upholding partnership and prudence. DIB is delighted to have re-introduced Pakistan's credit to the Islamic term financing market after a hiatus of over two years through an innovative structure. We are confident this will pave the way for the Government to access broader pools of Sharia-compliant liquidity in the near future. Developed in close coordination with the Government of Pakistan, the Asian Development Bank, and leading financial institutions, the structure reflects strong alignment between market capabilities and national priorities. It offers a compelling example of how values-driven finance can support tangible, real-economy outcomes. At DIB, we remain committed to enabling such purposeful transactions, ones that serve the present, strengthen resilience, and help shape a more inclusive financial future.' Pakistan's fiscal reforms The transaction serves as a key milestone for sovereign Islamic finance. It demonstrates renewed investor confidence in Pakistan's fiscal reforms and macroeconomic outlook, while also providing a model for other emerging markets to adopt ethical and cost-effective financing. For the Government of Pakistan, it signifies a strategic return to Middle East capital markets after more than two years. For participating institutions, it opens opportunities to support long-term, sustainable economic development and the broader adoption of Islamic finance in sovereign funding.
