DIB's Group CEO: UAE Corporate Tax Won't Slow Economy

The video discusses Dubai Islamic Bank's performance in 2021, highlighting its liquidity and growth. It outlines the bank's international expansion strategy, focusing on markets like Pakistan, Indonesia, and Kenya, and potential new markets such as Egypt, Saudi Arabia, and Turkey. The impact of a new corporate tax in the UAE is analyzed, with a focus on its implications for the bank and the economy. Despite potential challenges, the bank remains optimistic about growth opportunities in sectors like hospitality, real estate, and aviation.

What was highlighted as a key strength of the bank in 2021?

• Strong liquidity and capitalization

• Expanding customer base

• High interest rates

• Low operational costs

Which regions are part of Dubai Islamic Bank's current international operations?

• Europe and North America

• Middle East and North Africa

• South America and Australia

• Pakistan, Indonesia, and Kenya

What is the anticipated corporate tax rate to be introduced in the UAE?

• 15%

• 5%

• 9%

• 20%

How does the UAE's corporate tax rate compare to other regions?

• It is higher than in Asia

• It is the same as in Europe

• It is one of the lowest in the GCC

• It is higher than most developed markets

Which sector is NOT mentioned as experiencing growth in the UAE?

• Technology

• Aviation

• Real Estate

• Hospitality

What is the expected trajectory for Dubai Islamic Bank's business in 2022?

• Downward

• Uncertain

• Stable

• Upward

What was the impact of the WAC introduction in 2018 on the UAE economy?

• It slowed down the economy

• It had no impact

• It boosted business activities

• It led to a recession