Dubai Islamic Bank: Quality Improvement Strategies Essay

Organization Description

Dubai Islamic Bank is the organization that implements quality improvement strategies successfully and strives to enhance performance indicators (Our role in tomorrow 2019). According to its goals, the leaders are interested in making this company the most progressive and efficient financial institution not only in the UAE but also throughout the world (Our role in tomorrow 2019). Relevant development steps are taken, and innovative practices are maintained.

Strategies and Frameworks

According to Hassan, Brodmann, and Rayfield (2017, p. 16), Dubai Islamic Bank “utilizes guidelines for risk management and corporate governance”. Also, the organization maintains a customer loyalty program by issuing appropriate consumer cards (Dubai Islamic Bank rewards consumer card 2019). In addition, the company seeks to establish a sustainable corporate social responsibility policy, which proves the success of the corporation (Hassan, Brodmann & Rayfield 2017).

Organization’s Achievements

According to the review of the organization’s activities, its current success is logical since its practices and operations may be applied not only within the UAE but also in non-Muslim communities (Ahmed 2016). Ahmed (2016) also states that during the founding of the banks mechanism, its market share has grown significantly. Finally, the organization is trusted by customers, thereby enhancing its future success.

Reference List

Ahmed, I 2016, ‘Aspirations of an Islamic bank: an exploration from stakeholders’ perspective’, International Journal of Islamic and Middle Eastern Finance and Management, vol. 9, no. 1, pp. 24-45.

Dubai Islamic Bank rewards consumer card 2019. Web.

Our role in tomorrow. 2019. Web.

Hassan, MK, Brodmann, J & Rayfield, B 2017, ‘The current status of Islamic bank regulation in the world’, Journal of Islamic Economics, Banking and Finance, vol. 13, no. 1, pp. 13-23.